NSE appoints record 20 lead managers for major India IPO
The National Stock Exchange (NSE) is gearing up for one of India's biggest IPOs ever, and it has brought in a whopping 20 lead managers to handle it, more than any Indian IPO before.
Big names like Morgan Stanley India Company and SBI Capital Markets, who will focus solely on marketing the issue because they are affiliated with participating shareholders, Kotak Mahindra Capital Company, and Citigroup Global Markets India are all in the mix.
OFS offering upto 14.89 cr shares
This IPO is an offer for sale (OFS), meaning up to 14.89 crore shares will be sold by current shareholders like State Bank of India and Canada Pension Plan Investment Board.
The money raised goes straight to these investors, not NSE itself.
With strong FY26 numbers (₹16,601 crore revenue and ₹10,302 crore net profit), NSE's financial health is expected to boost investor confidence as the listing approaches.