NSE files draft IPO papers to sell 148.9 million shares
India's biggest stock exchange, NSE, has just filed draft papers for its long-awaited IPO after years of delays.
The plan is to sell 148.9 million shares (about 6% of its total share capital) through existing shareholders.
If all goes well, NSE could land a massive $55 billion valuation and join the ranks of India's top 10 most valuable companies.
NSE: SEBI penalty and strong FY2026
NSE started back in 1992 and has had a bumpy road to this IPO, including regulatory hurdles and a hefty ₹11 billion penalty from SEBI in 2019.
Big names like SBI and Canada Pension Plan Investment Board are set to reduce their stakes.
With strong FY2026 numbers (total income of ₹187 billion and ₹103.02 billion in net profit), NSE is a huge player in India's financial scene, serving around 257 million investor accounts.