The much-awaited IPO of the National Stock Exchange of India (NSE), the country's largest stock exchange, is set to open for public subscription on September 17 with a price band at Rs 1,700-1,785 per share. The offer will close on September 21.
NSE aims to raise Rs 22,561.5 crore and is seeking a valuation of Rs 4.42 lakh crore at the upper end of the price band.
The book-built issue comprises only an offer for sale (OFS) of up to 12.64 crore equity shares by 10 existing shareholders, including State Bank of India (SBI), Bank of Baroda, MS Strategic (Mauritius), General Insurance Corporation of India, Canada Pension Plan Investment Board, and Aranda Investments (Mauritius). There is no fresh issue component.
This means the net proceeds from the issue, after deducting offer-related expenses, will accrue to the selling shareholders. The objective of the IPO is limited to facilitating the OFS and enabling the listing of NSE's equity shares on the BSE.
The issue size has been reduced by 15 percent from 14.89 crore equity shares planned as per the draft red herring prospectus (DRHP) filed in June 2026, which was subsequently approved by the market watchdog SEBI on September 4, 2026.