National Stock Exchange (NSE) — Plans to Finalise Merchant Bankers for Long-Awaited IPO

Expert Analysis:

• The National Stock Exchange (NSE) is progressing toward its long-anticipated public listing, with Managing Director and CEO Ashish Kumar Chauhan indicating that the exchange aims to finalise the appointment of merchant bankers in March 2026. This step is a key prerequisite for initiating the formal IPO process.

• Chauhan noted that the valuation and final issue size of the IPO will only be determined after merchant bankers are appointed, as they will guide the structuring, pricing, and regulatory filing of the offering.

• The development signals renewed momentum in NSE’s listing plans, which have faced years of delays due to regulatory scrutiny and governance concerns, making the upcoming appointment of intermediaries a significant milestone in advancing the exchange’s IPO roadmap.