NSE Gets Sebi Nod For ₹30,000 Crore IPO, Set To Become India's Largest Public Issue
New Delhi, Sep 4: The National Stock Exchange (NSE) has secured market regulator Sebi's approval for its much-awaited IPO, estimated at around Rs 30,000 crore, paving the way for one of the largest public issues in the history of the Indian stock market. According to an update with the markets regulator, NSE obtained Sebi's final observations on September 4. NSE had filed its draft papers with…
New Delhi, Sep 4: The National Stock Exchange (NSE) has received Sebi's approval for its anticipated IPO worth approximately Rs 30,000 crore, marking one of the largest public issues in the Indian stock market's history. Sebi granted final observations on September 4, following NSE's submission of draft papers in June. The IPO approval clears a significant hurdle, enabling the company to proceed with preparations, provided it complies with regulatory requirements.
The approval is a major milestone for NSE, following a decade-long delay due to regulatory obstacles, such as the co-location controversy. The public offering will involve an offer for sale (OFS) of 14.89 crore shares, through which existing shareholders will collectively dispose of nearly 6 percent of the exchange's stake. State Bank of India will sell up to 2.48 crore shares, while MS Strategic (Mauritius) Limited will offload 1.60 crore shares.
The IPO's size suggests a market capitalisation exceeding Rs 5 lakh crore, surpassing the previous record held by Hyundai Motor India's Rs 27,870 crore issue in October 2024.
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