NSE Gets SEBI Approval For ₹30,000 Crore IPO

The National Stock Exchange (NSE) has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO).

This development was confirmed by NSE CEO Ashish Chauhan at the FICCI's Annual Capital Markets Conference 2026. The exchange had submitted its draft papers to SEBI on June 17.

The proposed IPO is expected to be one of the largest public issues in India's capital market, with street estimates suggesting it could be worth more than ₹30,000 crore. This would potentially make it the largest IPO in India, overtaking Hyundai Motor India's ₹27,870-crore IPO in 2024.

NSE is reportedly seeking a valuation of up to ₹5.26 lakh crore through the offering. The exchange operates the world's largest derivatives market by trading volume, making its public listing one of the most closely watched IPOs in India's financial sector.

The IPO will consist entirely of an offer for sale (OFS), with existing shareholders planning to sell up to 14.89 crore equity shares. This is equivalent to nearly 6% of NSE's paid-up equity capital.

The final issue size, valuation, and listing date could change depending on market conditions and feedback from investors during the roadshow process. NSE has appointed a consortium of 20 investment banks to manage the offering, including Kotak Mahindra Capital, JM Financial, Morgan Stanley, HSBC, and Citigroup.

The IPO approval marks a significant step towards the long-awaited public listing of India's largest stock exchange. It could provide investors with an opportunity to participate directly in one of the country's most important financial-market institutions.

The listing is expected to take place by September 2026, although the final timeline will depend on market conditions and investor response.

The NSE IPO is a significant development in India's capital market, and its success could have a positive impact on the country's financial sector.

In conclusion, the NSE IPO approval is a major milestone for the exchange and India's capital market. It is expected to be one of the largest public issues in the country and could provide investors with a unique opportunity to participate in the growth of India's financial sector.