NSE Files for Landmark Rs. 30,000-Crore IPO
The National Stock Exchange (NSE) has filed its Draft Red Herring Prospectus (DRHP) with SEBI for what could become India's largest-ever initial public offering, with an estimated size of nearly Rs. 30,000 crore and a valuation exceeding Rs. 5 trillion. The IPO is entirely an offer-for-sale of 149 million equity shares by existing institutional shareholders, including SBI, CPPIB, Temasek, and other financial institutions, while major shareholders such as LIC, Premji Invest, and Radhakishan Damani will retain their stakes. The filing marks a significant milestone in NSE’s decade-long journey to public listing following the resolution of regulatory issues related to the co-location case. Once approved, NSE will list on the BSE, enhancing transparency, strengthening governance standards, and providing investors with an opportunity to participate in the growth of one of the world's largest and most systemically important stock exchanges.
