Exclusive | NSE targets September for mega IPO launch: Sources

NSE Chief Ashish Chauhan urges startups, MSMEs to tap public markets for growth


The National Stock Exchange (NSE) is moving closer to its long-awaited public listing, with preparations underway for a potential IPO launch in September, according to sources aware of the development.

The issue is expected to raise ₹30,000–32,000 crore, valuing the exchange at around ₹5-5.3 lakh crore, making it one of the biggest IPOs in India’s capital market history.

Sources indicated that formal investor marketing and roadshows could begin as early as next week.

Merchant bankers appointed for the transaction are expected to kick off domestic and overseas roadshows to showcase the exchange’s business model, financial performance and long-term growth prospects to institutional investors. The meetings are aimed at generating investor interest ahead of the formal launch of the public issue.
The proposed IPO will be structured entirely as an Offer for Sale (OFS), allowing existing shareholders to pare their holdings. As no fresh shares will be issued, the proceeds from the offering will accrue to the selling shareholders rather than the exchange itself.

Also Read: NSE files DRHP for IPO: 10 things investors need to know

The proposed listing comes after a prolonged wait spanning several years. NSE’s IPO plans had remained on hold because of regulatory and legal issues, delaying what has long been one of the country’s most anticipated public offerings.

Recent regulatory developments have revived the listing process, paving the way for the exchange to move ahead with its market debut.

Also Read: NSE comes under RTI Act, public can seek information: Delhi High Court

Responding to CNBC-TV18’s queries, an NSE spokesperson said, “The company has filed a draft red herring prospectus (DRHP) with SEBI. We are unable to provide further comments at this stage.”



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