The National Stock Exchange (NSE) is targeting to launch its much-awaited initial public offering (IPO), estimated at around Rs 30,000 crore, in September, people familiar with the development said on Monday.
The mega IPO is expected to value the country's largest stock exchange at over Rs 5 lakh crore.
The exchange will soon begin roadshows for the IPO.
If successful, the issue will surpass Hyundai Motor India's Rs 27,870-crore public offering launched in October 2024.
The proposed public issue will be entirely an offer for sale (OFS) of 14.89 crore equity shares, with existing shareholders collectively divesting nearly 6 per cent of the exchange's equity, according to the draft red herring prospectus (DRHP) filed in June. NSE has around 1.8 lakh shareholders.
Among the major shareholders selling their stake, State Bank of India will offload up to 2.48 crore shares, followed by MS Strategic (Mauritius) Ltd with 1.60 crore shares. Other shareholders proposing to sell shares includ

The mega IPO is expected to value the country's largest stock exchange at over Rs 5 trillion

Press Trust of India

The July 7 listings will surpass the previous highest single-day tally recorded on June 24, when four SME companies made their market debut after collectively raising ₹252.55 crore

SEM IPOs

Business Standard

Volumes on BSE during the first two trading days of July fell by 7-10 per cent compared with the same days in the previous week, in line with analysts' expectations

RBI, Reserve Bank of India

Broad-based demand and an overseas rebound lift Q1

Godrej Consumer Product

As a base-case scenario, they have maintained June 2027 Sensex target at 89,000 levels, up nearly 14 per cent from the current levels. Morgan Stanley attached 50 per cent probability to this forecast.

Morgan Stanley

Foreign institutional investors invested Rs 14,109 crore in Indian equities in the second half of June, with financial services leading inflows as selling pressure moderated in FMCG and IT

foreign portfolio investors (FPIs)

Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.45 per cent and 0.75 per cent higher, respectively

stock markets, stock market live updates

Buying interest extended to broader markets as well, with the Nifty Midcap 100 and Nifty Smallcap 100 indices settled higher by 0.45 per cent and 0.75 per cent, respectively

Stock markets rally

HDFC Bank's business momentum remained steady, with sequential advances and deposits continuing to register healthy growth, said ICICI Securities in a note.

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