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NSE IPO Approval Puts SBI, BoB Shares In Focus
The National Stock Exchange has received permission to launch its IPO after waiting for nearly a decade.
An IPO lets shares of a company be sold to public investors.
In this case, the NSE itself will not receive the money because the issue is an Offer for Sale.
Instead, shareholders such as SBI and Bank of Baroda may receive the proceeds from selling their NSE shares.
Experts said this could give the two banks more money to lend or spend on expansion.
One analyst said SBI's share price looks stronger than Bank of Baroda's.
The analyst suggested buying SBI between ₹1,010 and ₹1,016, with specific targets and a stop-loss.
For Bank of Baroda, the analyst recommended waiting for a clear move above ₹245.
The NSE listing is expected in the week of September 21, 2026, according to a Reuters report cited in the article.
SEBI approved the long-awaited National Stock Exchange IPO, expected to be worth about ₹30,000 crore.
The IPO is an Offer for Sale, so proceeds will go to selling shareholders rather than the NSE.
SBI and Bank of Baroda are among the listed shareholders offering NSE shares.
An analyst favored SBI, citing stronger technical momentum and targets of ₹1,040 and ₹1,075.
Bank of Baroda was described as weak unless it decisively breaks above ₹245.
- Who
- The National Stock Exchange, SEBI, and selling shareholders including State Bank of India and Bank of Baroda.
- What
- SEBI approved an approximately ₹30,000 crore NSE IPO structured as an Offer for Sale.
- Where
- In the Indian stock market.
- When
- The approval was reported ahead of the expected NSE listing week of September 21, 2026.
- Why
- The selling shareholders plan to offer their NSE shares, with the proceeds potentially strengthening their own balance sheets.
Potential benefits
Caution and conditions
Effect on bank finances
Potential benefits
Experts said proceeds from the NSE share sale could give SBI and Bank of Baroda additional funds for lending, capital expenditure, and financial strengthening.
Caution and conditions
Because the issue is an Offer for Sale, the money will not go directly into the NSE's balance sheet, and the benefit to each bank depends on the shares it sells and how the proceeds are used.
SBI versus Bank of Baroda
Potential benefits
The technical analysis cited in the article favors SBI and projects potential upside toward ₹1,040 and ₹1,075.
Caution and conditions
The same analysis describes Bank of Baroda as weak and recommends accumulation only after the stock closes decisively above ₹245.
Investor timing
Potential benefits
Investors may consider SBI ahead of the expected NSE IPO launch based on the cited technical outlook.
Caution and conditions
The article's recommendations include strict stop-loss levels, indicating that investors should account for downside risk rather than assume the IPO will automatically lift both bank stocks.
Key facts
- Issue size
- The proposed NSE IPO is expected to be worth about ₹30,000 crore.
- Issue structure
- The IPO is an Offer for Sale, meaning the proceeds go to selling shareholders rather than the NSE.
- SBI view
- SBI shares were described as technically stronger, with a suggested buying range of ₹1,010–₹1,016.
- SBI targets
- The suggested targets for SBI were ₹1,040 and ₹1,075, with a stop-loss below ₹990.
- Bank of Baroda view
- Bank of Baroda was described as being in a weak zone and worth considering only after a decisive break above ₹245.
- Bank of Baroda target
- A move above ₹245 was said to potentially take Bank of Baroda shares to ₹275, with a stop-loss at ₹228.
- Proposed sales
- The DRHP states that SBI can sell up to 24.75 lakh crore NSE shares, while Bank of Baroda can sell up to 10,986,250 NSE shares.
Quotes
Sandeep Pandey
Co-founder of Basav Capital
“SBI and Bank of Baroda are two of the 10 selling shareholders, who have offered their shares in the NSE's initial offer. It is also known that the NSE IPO is completely OFS. This means it is selling shareholders, who will receive the net proceeds, not the NSE.”
livemint.com
“Comparing SBI and BoB shares, SBI shares are looking strong on the technical chart and may give strong upside movement in comparison to BoB shares. So, one should buy SBI shares ahead of the NSE IPO launch.”
livemint.com
Sources
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