Mumbai NSE IPO: The much awaited National Stock Exchange (NSE). IPOThe wait is about to end now. NSEIt has announced the price band for its public issue. A price band of ₹1,700 to ₹1,785 per share has been fixed.
The IPO of the country’s largest stock exchange will open for investors on September 17. The company is looking to raise approximately ₹ 22,561 crore through this issue.
Important dates associated with the IPO
Retail investors will be able to bid for the IPO from September 17 to September 21. While the issue will open for anchor investors on September 16 only.
NSE IPO Lot Size 8 Equity sharewill be no. That means investors may have to pay up to ₹14,280 for a lot as per the above price band.
After the closing of the IPO on September 21, the share allotment will be done on September 22. After that, the listing of NSE shares on BSE is going to take place on September 24.
Based on the above price band of ₹1,785, the total valuation of NSE is estimated at around ₹4.42 lakh crore.
NSE’s IPO will be entirely OFS
No new shares will be issued in this IPO. The entire issue is based on Offer for Sale (OFS).
The initial draft had planned to sell 14.89 crore shares, but now the issue size has been reduced by about 15 percent. Now 10 existing shareholders together will sell 12.64 crore equity shares.
NSE will not get any direct financial benefit in this IPO. The entire proceeds from the share sale will go to the existing shareholders who sold their stake.
Who will sell shares?
State Bank of India (SBI) will sell the most 1.59 crore shares in this mega IPO. Canada Pension Plan Investment Board (CPPIB) is set to sell 1.18 crore shares, Aranda Investments 1.12 crore shares and MS Strategic 1.10 crore shares.
SBI Capital Markets will also sell around 87.8 lakh shares. On the other hand, some institutions including Bank of Baroda and General Insurance Corporation have reduced the number of shares for sale.
National Insurance Company has decided to exit OFS completely. However, shares worth ₹70 crore have been reserved for NSE employees. Employees will be given an employee discount of ₹170 per share on the final issue price.
LIC largest shareholder
If we look at the current shareholding of NSE, there is a large participation from Indian institutions to foreign investors.
LIC, the country’s largest insurer, has a 10.72 percent stake in NSE, making it the largest shareholder. SBI Group holds a total of 7.5 percent and Stock Holding Corporation of India (SHCIL) holds 4.44 percent.
Temasek’s subsidiary Aranda Investments and CPPIB also have significant stakes among foreign investors.
20 investment banks were selected in March 2026 to prepare for this IPO. It includes big names like Kotak Mahindra Capital, Citi, JP Morgan and HSBC. Apart from this, renowned law firms like Cyril Amarchand Mangaldas and Trilegal have also been entrusted with the responsibility.
The IPO was stalled for 10 years
NSE first filed the prospectus for the IPO in December 2016. At that time, the exchange had planned to raise around ₹10,000 crore.
However, the IPO process was stalled for a long time due to regulatory issues including the co-location case. Then in June 2026 NSE again submitted the draft documents to SEBI and got approval in September.
How is the financial status of NSE?
If we look at the financial results of NSE, the net profit of the company increased by 7 percent to ₹ 3,120 crore in the quarter of April to June 2026.
The company’s total revenue also grew by 9 percent to ₹5,252 crore during the period. However, NSE’s net profit fell 15 percent to ₹ 10,302 crore in FY 2025-26. Meanwhile, the company’s total revenue fell to ₹ 18,713 crore.