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SEBI nod for NSE’s IPO; SBI, other top shareholders to sell 6% in bourse’s OFS
- IBJ Bureau
- Sep 05, 2026
The National Stock Exchange’s (NSE) initial public offer (IPO) has received the Securities and Exchange Board of India’s (SEBI) approval.
The SEBI’s nod paves the way for the long-awaited IPO of the country’s leading stock exchange.
The proposed IPO will be a 100 per cent Offer for Sale (OFS), with existing shareholders collectively selling around a 6 per cent in the NSE.
The offer will comprise up to 14.89 crore shares.
Since the issue is entirely an OFS, the NSE will not receive any proceeds from the IPO.
The funds raised will instead go to the existing shareholders participating in the offer.
State Bank of India (SBI) is expected to be the largest-selling shareholder in the NSE IPO.
SBI has proposed to sell up to 2.48 crore shares as a part of the offer.
The other major shareholders looking to sell the shares include SBI Capital Markets, GIC Re, New India Assurance, National Insurance Company, United India Insurance, Bank of Baroda and Stock Holding Corporation of India (SHCIL).
Canada Pension Plan Investment Board (CPPIB) and Morgan Stanley, through its investment entity, are also among the shareholders participating in the OFS.
The NSE IPO will see existing shareholders collectively offer up to 14.89 crore shares, equivalent to around 6 per cent of the exchange’s equity.
The SEBI’s nod marks a key regulatory milestone for the NSE and brings the exchange closer to its much-awaited market debut.
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