The sources also said that the NSE IPO size is likely to be around 6% of the exchange’s outstanding equity.
Life Insurance Corporation of India, one of the largest public shareholders in NSE, is unlikely to sell any stake in the IPO, sources added.
At a potential market capitalization of ₹5 lakh crore, a 6% dilution would mean a likely IPO size between ₹30,000 crore to ₹32,000 crore, which would become the biggest Indian IPO till date, surpassing Hyundai Motor India’s 2024 offering worth over ₹27,000 crore.
Listing of NSE’s shares would take place on the Bombay Stock Exchange (BSE), just as BSE’s shares are listed on the NSE.
Here are some of the largest shareholders in the National Stock Exchange
- LIC holds 10.72% stake
- State Bank of India holds a 3.23% stake
- SBI Caps has a 4.33% stake
- Stock Holding Corporation of India has a 4.44% stake
- General Insurance Corporation has a 1.64% stake
- The New India Assurance Company, National Insurance Corporation and the Oriental Insurance Company have a 1.42% stake each.
Among Dalal Street veterans, Radhakishan Damani also has a 1.58% stake in NSE.
Sources have also indicated to CNBC-TV18 that State Bank of India, Bank of Baroda, New India Assurance, ChrysCapital and Temasek are among the likely selling shareholders in the IPO.
Also Read: NSE IPO Soon – How does the ₹5 lakh crore exchange stack up on various parameters
