NSE files IPO papers for OFS-only public issue
18 Jun 2026, 11:39 AMShareholders participating in the sale include State Bank of India, Canada Pension Plan Investment Board (CPPIB), MS Strategic (Mauritius) Limited, Aranda Investments (Mauritius) Pte Ltd and Bank of Baroda, among others.
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The National Stock Exchange (NSE) has filed draft papers for an initial public offering with the Securities and Exchange Board of India (SEBI), after years of pursuing a public listing.
The proposed IPO will be entirely an offer for sale (OFS), with existing shareholders looking to offload 14.89 crore equity shares. Since no fresh shares are being issued, NSE will not receive any proceeds from the public issue.
Shareholders participating in the sale include State Bank of India, Canada Pension Plan Investment Board (CPPIB), MS Strategic (Mauritius) Limited, Aranda Investments (Mauritius) Pte Ltd and Bank of Baroda, among others.
As of the draft filing date, Life Insurance Corporation of India (LIC) was NSE's largest shareholder with a 10.72% stake. Other key investors include Aranda Investments (Mauritius) Pte Ltd, Stock Holding Corporation of India Ltd and SBI Capital Markets Ltd.
The exchange has appointed 20 merchant bankers for the issue, including Kotak Mahindra Capital, Morgan Stanley, HSBC, J.P. Morgan, SBI Capital Markets, HDFC Bank and JM Financial.
For FY26, NSE reported revenue of Rs 16,601 crore, down 3% year-on-year, while profit after tax fell 15% to Rs 10,302 crore.
Once listed, NSE will join BSE as one of India's publicly traded stock exchanges.
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