NSE Files ₹30,000-Crore IPO, Set to Become India’s Biggest-Ever Public Issue
NSE, India’s largest stock exchange, is set to list on the Bombay Stock Exchange (BSE) after nearly a decade of awaiting regulatory approvals, marking a major milestone for the company.
NSE Files for ₹30,000-crore IPO; Set to Become India’s Biggest-Ever Public Issue
The proposed initial public offering (IPO) will be entirely an offer for sale (OFS), with no fresh issue of shares, and is expected to raise around ₹30,000 crore, making it one of the largest IPOs in India’s capital market history.
The filing comes after NSE’s board approved the proposed IPO on February 6 following receipt of Sebi’s no-objection certificate (NOC), marking a significant step towards the company’s long-awaited public listing.
Key Shareholders Participating in the Offer
State Bank of India (SBI) is the largest seller, proposing to divest 2.4 crore shares, while MS Strategic (Mauritius) Ltd, a special-purpose investment vehicle of Morgan Stanley, will sell 1.6 crore shares.
Among public sector insurers, New India Assurance, General Insurance Corporation of India, and National Insurance Company will together offload more than 3.3 crore shares, while Bank of Baroda is another major shareholder participating in the offer, with plans to sell over 1.09 crore shares.
Market Impact and Details
- The IPO size could be around ₹30,000 crore, implying a market capitalisation of over ₹5 lakh crore.
- NSE has around 1.8 lakh shareholders.
- The filing comes after NSE’s board approved the proposed IPO on February 6 following receipt of Sebi’s no-objection certificate (NOC).
Financial Performance
NSE reported a 15% decline in profit after tax to ₹10,302 crore in FY26, down from ₹12,188 crore in FY25, while its total income stood at ₹18,713 crore, marginally lower than ₹19,177 crore in the preceding fiscal.
In the March quarter of FY26, NSE reported an 8% rise in PAT to ₹2,871 crore from ₹2,650 crore in the year-ago quarter (Q4FY25), while its total income during the quarter increased 22% to ₹5,360 crore compared to ₹4,397 crore in the same period a year ago.
Key Takeaways
- NSE’s proposed IPO is expected to raise around ₹30,000 crore, making it one of the largest IPOs in India’s capital market history.
- The IPO will be entirely an offer for sale (OFS), with no fresh issue of shares.
- NSE has around 1.8 lakh shareholders.
FAQs
What is the expected size of NSE’s IPO?
The IPO size is expected to be around ₹30,000 crore.
Who are the key shareholders participating in the offer?
State Bank of India (SBI), MS Strategic (Mauritius) Ltd, New India Assurance, General Insurance Corporation of India, National Insurance Company, Bank of Baroda, Stock Holding Corporation of India Ltd, and United India Insurance Company are among the key shareholders participating in the offer.
What is the market capitalisation of NSE expected to be after the IPO?
The market capitalisation of NSE is expected to be over ₹5 lakh crore after the IPO.
Conclusion
NSE’s proposed IPO is a significant milestone for the company, marking a major step towards its long-awaited public listing. The IPO is expected to raise around ₹30,000 crore, making it one of the largest IPOs in India’s capital market history. As NSE continues to navigate the regulatory landscape, investors and stakeholders will be closely watching the company’s progress. With a strong financial performance and a growing market capitalisation, NSE is poised for a successful listing.
