The NSE IPO has moved a big step forward. The National Stock Exchange of India has invited top investment banks to help manage its public issue. This shows that the long-awaited listing may happen soon.
The plan comes after approval from the Securities and Exchange Board of India. After getting the green signal from SEBI, the board cleared the IPO earlier this month. The issue will follow the offer for sale route. Existing shareholders will sell about 4 to 4.5% of their stake.
Reports suggest that the NSE IPO could raise nearly $2.5 billion. Based on prices in the unlisted market, the exchange may get valued between $55 billion and $58 billion. If this happens, it will become one of the biggest IPOs in India.
The National Stock Exchange has already appointed Rothschild & Co as an independent advisor. The firm will help choose lead investment banks, legal experts, and other partners for the IPO. The exchange plans to finalise bankers by mid March.
The board has also formed a committee to supervise the listing process. Tablesh Pandey will chair this committee. The CEO will act as a member. The exchange recently appointed Walker Chandiok & Co as its new auditor for five years. The firm replaces Price Waterhouse. These steps show focus on strong governance before the NSE IPO.
The latest financial results show mixed performance. The National Stock Exchange reported a 37% fall in profit year on year for Q3 FY26. Profit stood at Rs. 2,408 crore compared to Rs. 3,834 crore last year. Revenue from operations dropped 9% to Rs. 3,925 crore. However, profit increased 15% compared to the previous quarter. Q2 FY26 profit stood at Rs. 2,098 crore.
The NSE IPO carries importance for India’s financial market. The exchange leads in equity and derivatives trading. It has more than 177,000 shareholders. Many large investors may sell part of their holdings through the offer for sale.
The exchange had tried to list earlier but faced delays due to regulatory issues. The recent SEBI approval has cleared major hurdles. Now, the focus shifts to selecting investment banks and preparing official documents.
If successful, the NSE IPO could strengthen India’s capital market and attract global investors. The coming months will decide the timeline of this major listing.
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