NSE IPO DRHP may get SEBI nod in two weeks: Sources — Check likely timeline, price band

The National Stock Exchange (NSE) is expecting the market regulator Securities and Exchange Board of India (SEBI) to approve its initial public offering (IPO) draft red herring prospectus (DRHP) within the next two weeks, people in the know told CNBC-TV18.

The NSE IPO price band may be launched in early September and the IPO could be launched in the second half of the month, sources said.

At present, NSE is conducting global roadshows for its IPO. It is looking at a valuation of ₹5.2 lakh crore to ₹5.3 lakh crore and the IPO could be priced between the ₹2,100-₹2,300 apiece range, the sources added.

NSE MD and CEO Ashish Kumar Chauhan also thanked the SEBI Chairman for giving his approval for the NSE IPO NOC.

NSE filed its DRHP with the SEBI on June 17, 2027. The IPO comprises up to 14.89 crore equity shares with face value of ₹1 each and represent approximately 6% of the exchange’s paid-up capital. It is entirely an offer-for-sale, which means NSE will not receive any proceeds as they will instead go to the selling shareholders.

As many as 10 institutional shareholders are selling their stake in NSE — SBI, Canada Pension Plan, Bank of Baroda, New India Assurance Company, United India Insurance Company, among others. LIC is not selling any stake in the offering.

Click here to know more details mentioned in the DRHP

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