The National Stock Exchange of India Ltd is moving towards an initial public offering that will involve existing shareholders offering between 4% and 4.5% of the company’s equity, as per Bloomberg report.
Life Insurance Corporation of India holds a 10.72% stake while Temasek holds about 4.5%. SBI Capital Markets also holds roughly 4.3% and State Bank of India holds about 3.2%.
All 3 entities are expected to participate as sellers in the secondary offering. The combined sell‑down from these investors will account for close to one‑fifth of the exchange’s total equity.
The board is expected to form a committee of senior executives and representatives of the major shareholders within the next few days. The committee will oversee appointment of advisers, fee negotiation, determination of the exact share count and filing of the draft prospectus.
The board meeting on Feb 6, 2026, will approve the quarter‑ended Dec 2025 results and likely formalise the committee. The exchange aims to complete the filing process within three months.
Read More: SEBI Clears Final Hurdle: NSE IPO Gets No-Objection Certificate, Paving Way for Historic Listing!
As per the report, Unlisted market data shows NSE shares trading at about ₹2,150, implying a valuation of roughly ₹5.3 trillion ($58 billion). The exchange has about 190,000 shareholders, each of whom will be given the option to participate in the secondary sale.
Besides LIC and Temasek, other notable holders include Stock Holding Corp (4.4%), Mahogany (3.7%), Crown Capital (2.2%) and DVI Fund (1.8%). The value of each holding is calculated using the ₹2,150 share price.
The upcoming NSE IPO will be a secondary offering led by existing shareholders such as LIC, Temasek, SBI Capital Markets and State Bank of India. A board‑level committee will manage the process, with a filing target of three months after the Feb 6, 2026, board meeting. The offering represents a modest portion of the exchange’s overall equity and involves a broad base of shareholders.
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Published on: Feb 2, 2026, 2:10 PM IST
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