NSE advances IPO at 5L cr valuation with shareholder backing
Business
The National Stock Exchange (NSE) is officially moving ahead with its IPO, even with a massive valuation topping ₹5 trillion.
Thanks to strong backing from shareholders, NSE meets the rules that require big companies to offer at least ₹15,000 crore worth of shares to the public and dilute at least 1% of their value, subject to a minimum dilution of 2.5%.
Investors express OFS interest, profits drop
Major investors, think LIC, SHCIL, and Temasek, have expressed interest in selling around 4% to 5% of their NSE shares through an Offer for Sale. This helps NSE tick all the boxes for its public listing.
Still, it's not all smooth sailing: in fiscal 2026, NSE's revenue slipped 3% and profits dropped by 15%, as market activity slowed down across both cash and derivatives trading.