NSE IPO coming as Sebi okays Rs 30K cr public offer

Sebi has granted approval to the National Stock Exchange's (NSE) draft offer plan for an IPO expected to raise approximately Rs 30,000 crore. This marks a significant step for the exchange, which has been eagerly anticipated by Indian investors. The approval comes after a long-drawn listing process that began in December 2016 and was initially stalled due to the co-location controversy.

The IPO, structured as an offer for sale, will see existing investors, including SBI and other key stakeholders, selling shares, thus diluting their holdings without raising new capital. The proceeds from the IPO will be directed towards the existing shareholders of the bourse. This development follows the Supreme Court's dismissal of Sebi's appeal against NSE in the co-location case, eliminating a major regulatory hurdle for the exchange's listing plans.

Currently trading at around Rs 1,975-2,000 per share in the unlisted market, NSE's valuation is estimated at approximately Rs 5 lakh crore, making it one of the most valuable listed financial institutions in India. Analysts are optimistic about the IPO, which is set to be one of the most anticipated issues in 2026, alongside Jio Platforms.