NSE IPO DRHP Filing Within Days: Exchange May Approach Sebi by Thursday, Eyes Rs 5.2 Lakh Crore Mega Valuation

India's largest stock exchange, the National Stock Exchange (NSE) is reportedly preparing to revive its much-awaited IPO plans, with a DRHP filing likely within days after years of anticipation and regulatory hurdles. The potential mega listing could value India's largest stock exchange at Rs 5-5.25 lakh crore, making it one of the most significant public offerings ever seen on Dalal Street.

NSE IPO DRHP Filing Likely Within Days: Exchange May Approach Sebi by Thursday

According to a CNBC-TV18 report, NSE is likely to submit its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) by Thursday, paving the way for what could become one of the biggest IPOs in India's capital market history.

NSE IPO Valuation May Touch Rs 5.25 Lakh Crore; Rs 20,000 Crore OFS Likely Through 4-5% Stake Sale

NSE may seek a valuation in the range of Rs 5 lakh crore to Rs 5.25 lakh crore for its public issue. The exchange already commands a valuation of over Rs 5 lakh crore in the unlisted market, according to market participants, with its unlisted shares trading above Rs 2,000 apiece as of June 16.

As per reports, NSE may sell around 4-5 percent of its stake through an Offer for Sale (OFS), potentially raising approximately Rs 20,000 crore. If it proceeds as expected, the offering could rank among the largest IPOs ever witnessed on Dalal Street.

The development marks a major milestone in NSE's IPO journey, which has faced a prolonged delay over nearly a decade. The exchange had originally filed its draft offer documents in 2016, with the proposed issue size estimated at around Rs 10,000 crore at the time. However, the IPO process did not move forward after Sebi withheld its approval due to concerns related to governance issues and the co-location controversy.

NSE Major Investors List: LIC, SBI, Temasek-Backed Aranda, CPPIB Hold Significant Stakes

NSE has a broad and diversified shareholder base comprising domestic financial institutions, insurance companies, foreign investors and individual shareholders. Life Insurance Corporation of India (LIC) remains the largest shareholder in the exchange with a 10.72 per cent stake.

State Bank of India (SBI), along with its subsidiary SBI Capital Markets, collectively owns nearly 7.5 per cent stake in NSE. International investors also have a notable presence, including Aranda Investments, backed by Singapore's Temasek, and the Canada Pension Plan Investment Board (CPPIB).

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