{
  "id": 6850950,
  "title": "NSE IPO set to open for public on September 17; price band at Rs 1,700-1,785",
  "url": "https://urgent.news/2026/09/12/nse-ipo-set-to-open-for-public-on-september-17-price-band-at-rs-1-700",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T02:34:00.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/ipos/fpos/nse-ipo-set-to-open-for-public-on-september-17-price-band-at-1700-1785/articleshow/134101811.cms"
  },
  "original_language": "en",
  "account": "The National Stock Exchange of India (NSE) is set to launch its initial public offering (IPO) for public subscription starting September 17, concluding on September 21. The price range for the shares has been established between ₹1,700 and ₹1,785 each. At the top of the price band, the NSE anticipates raising ₹22,561.5 crore while achieving a valuation of ₹4.42 lakh crore.\n\nThis IPO is an offer for sale (OFS) of up to 126.4 million equity shares from 10 existing shareholders, with no new shares being issued. Consequently, the NSE will not receive any funds from this offering. The issue size has been reduced by 15% compared to the 148.9 million shares initially proposed in the draft red herring prospectus (DRHP) in June 2026. Sebi had approved the DRHP on September 4.\n\nAmong the sellers, State Bank of India (SBI) leads with the option to offer up to 15.9 million shares, followed by Canada Pension Plan Investment Board (CPPIB) selling 11.8 million shares. Other sellers include Aranda Investments (Mauritius) with 11.2 million shares, MS Strategic (Mauritius) at 11 million, and New India Assurance Company with 10.5 million shares. The Red Herring Prospectus (RHP) filed on Thursday indicates that certain companies, such as LIC, Aranda Investments, New India Assurance Company, and United India Insurance Company, have either reduced their proposed share sales or have withdrawn from the IPO altogether.\n\nNSE, known for its significant equity derivative volumes, experienced a consolidated profit after tax of ₹3,120 crore in the June quarter, marking an 8.7% increase from ₹2,871 crore in the January-March period. However, the consolidated revenue from operations declined by 8.2% to ₹4,560 crore compared to the previous quarter. The profit after tax saw a 7% increase, while consolidated revenue from operations rose by 13% compared to the same quarter a year ago.",
  "summary": "The National Stock Exchange of India's IPO opens September 17, closing September 21. Its price band is set between ₹1,700 and ₹1,785 per share. This offer for sale will raise ₹22,561.5 crore from existing shareholders. The issue size was reduced by fifteen percent from earlier proposals. Share allotment is expected September 22, with listing on September 24.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Gold price today, Friday, September 11, 2026: Gold opens at lowest level in over a month ahead of CPI data",
        "url": "https://urgent.news/2026/09/11/gold-price-today-friday-september-11-2026-gold-opens-at-lowest-level",
        "published": "2026-09-11T11:10:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}