NSE – Targets Up to ₹5.26 Lakh Cr Valuation Ahead of Mega IPO

Expert Analysis:

• NSE is reportedly seeking a valuation of up to $55 billion (₹5.26 lakh crore) for its proposed IPO, with shares being marketed to investors at around ₹2,000–₹2,100 per share during global roadshows.

• The IPO is expected to launch in the second half of September, with NSE having met around 120 global institutional investors across major financial centres. The roadshow is still continuing in the Middle East.

• At the upper-end valuation, the proposed sale of around 14.89 crore shares (~6% stake) could raise approximately ₹31,500 crore, potentially making it India's largest IPO, surpassing Hyundai Motor India's ₹27,870 crore issue.

• The IPO will be an entirely Offer for Sale, meaning the proceeds will go to existing shareholders rather than NSE itself. The final valuation and pricing, however, remain subject to investor demand and discussions during the IPO process.