NSE’s proposed IPO could raise around ₹30,000 Cr, potentially making it the largest IPO in Indian history, surpassing Hyundai Motor India’s ₹27,870 Cr issue and LIC’s ₹21,008 Cr offering.
The issue is expected to be an entirely Offer for Sale (OFS) of up to 14.9 Cr shares, representing roughly 6% of NSE’s paid-up equity capital. NSE itself will not receive fresh capital from the offering.
At a ₹30,000 Cr issue size, NSE could command a market capitalisation of over ₹5 lakh Cr, potentially placing it among India's 10 most valuable listed companies.
The proposed listing is expected in the week beginning September 21, with the book-building process likely to begin around September 11. Market estimates currently indicate a potential share price of around ₹2,000, although the final price band is yet to be announced.
The article highlights that NSE's listing would follow two major mega-IPOs—Hyundai Motor India and LIC. Hyundai's IPO received strong QIB demand despite muted retail participation, while LIC's issue was subscribed nearly three times.
