The record
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- The National Stock Exchange (NSE) has received regulatory clearance from SEBI for its long-awaited IPO, with listing expected by September 25, 2026.
- The clearance came after the Supreme Court dismissed the regulator's appeals in NSE's co-location and dark-fiber cases, removing a key obstacle.
- The IPO will be a complete offer for sale of up to 14.89 crore shares, roughly 6% of paid-up capital, with proceeds going to selling shareholders rather than the company.
- It is estimated at around Rs 30,000 crore, which could make it one of India's largest IPOs, with shares likely priced near Rs 2,000 each.
What to watch next
- Possible SEBI approval of the updated draft red herring prospectus in the coming week
- Announcement of the price band, reportedly expected around September 11, 2026
- Listing on or before September 25, 2026, ahead of Pitru Paksha
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Named India · Business Today · CNBC-TV18 · National Stock Exchange of India · Securities and Exchange Board of India · Supreme Court of India
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