The National Stock Exchange of India (NSE) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) estimated at around ₹30,000 crore. The move positions the IPO as potentially the largest in Indian history, with NSE eyeing a valuation of approximately ₹5 trillion, according to livemint.com.
This filing follows over a decade of regulatory probes, court battles, and governance controversies that delayed NSE's listing ambitions. The IPO will be an offer-for-sale with no fresh capital being raised, allowing existing shareholders to sell their stakes. Among the top sellers are state-owned banks such as State Bank of India (SBI), which plans to sell up to 2.48 crore NSE shares at a weighted average acquisition cost of just ₹0.80 per share, as detailed by livemint.com.
The NSE IPO surpasses the previous record set by Hyundai Motor India, marking a significant milestone in the Indian capital markets. This public offering comes after a prolonged period of scrutiny and legal challenges, reflecting the exchange's efforts to strengthen governance and regulatory compliance. The participation of prominent institutional shareholders underscores the market's confidence in NSE's growth prospects, according to livemint.com.
The NSE's IPO filing on June 17, 2026, sets the stage for India's largest-ever public offering. The next steps involve SEBI's review and approval process, which will determine the timeline for the IPO launch and subsequent listing on Dalal Street, as reported by livemint.com.