NSE Aims for Year-End IPO: Plans 4–5% Stake Sale

India's premier stock exchange, the National Stock Exchange of India (NSE), is aiming to complete its initial public offering (IPO) by the end of December 2026. Preparations are already underway, with the exchange expected to file its draft red herring prospectus (DRHP) before the end of June, according to news report by CNBC-TV18.

Record Merchant Bankers Onboarded

In a landmark move, NSE has appointed a record 20 merchant bankers to manage the IPO, which plans to divest 4-5% of its stake through an offer-for-sale. The exchange stated, "Pursuant to the NOC issued by SEBI, the board approved an initial public offering of the company through an offer for sale on 6 February 2026. 

The proposed 4-5% stake sale could make NSE’s IPO one of the largest in the country, with the issue size expected to exceed ₹20,000 crore. The move underscores the exchange’s strategy to open up its ownership to the public while leveraging strong market interest.

Also Read: Svatantra Microfin Seeking Fundraise via IPO: DRHP Filing Expected Soon

Legal and Regulatory Preparations

Alongside the merchant bankers, eight law firms have been engaged to advise on regulatory, compliance, and documentation matters. The IPO committee, chaired by Srinivas Injeti, approved these appointments following a structured, transparent, and competitive evaluation process, ensuring meticulous preparation for the market debut.

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