NSE – Targets Mid-September IPO Launch, Listing by September 25

Expert Analysis:

• NSE is targeting a mid-September 2026 IPO launch, with the exchange reportedly aiming for a listing by September 25, bringing its long-awaited public-market debut closer to reality.

• The IPO is expected to be an Offer for Sale (OFS) of up to 14.89 crore shares, meaning NSE itself will not receive fresh capital from the issue.

• The proposed timeline follows the resolution of key regulatory hurdles, including the settlement of legacy matters with SEBI, allowing investor attention to increasingly shift toward IPO valuation, pricing and demand.

• If launched as planned, NSE's IPO could become one of India's largest public offerings, while also providing a major liquidity event for its existing shareholders.