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IPO Open

To be declared

IPO Close

To be declared

Price Band

To be declared

Market Cap

To be declared

IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹1 per share
  • Price Band
  • Sale Type
    OFS only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE
  • Total Issue Size
    14,89,05,525 shares (agg. up to ₹[.] Cr)
  • Offer for Sale
    14,89,05,525 shares of ₹1 (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    2,47,50,00,000 shares
  • Share Holding Post Issue
    2,47,50,00,000 shares

IPO Timetable (Tentative)

  • IPO Open
  • IPO Close

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Issue

About National Stock Exchange of India Ltd.

Updated on Sep 8, 2026

Incorporated in November 1992, National Stock Exchange of India Limited (NSE) is India’s largest stock exchange and one of the world’s leading multi-asset exchange platforms. NSE provides a vertically integrated ecosystem comprising trading, clearing, settlement, listing, market data, index services, and regulatory oversight across multiple asset classes, including equities, derivatives, currency derivatives, commodities, debt securities, and mutual funds.

NSE has consistently maintained its leadership position in India in cash market turnover, equity derivatives trading, and currency derivatives trading. As of March 31, 2026, the exchange served over 253 million registered investor accounts, 129 million unique investors, 1,325 trading members, and 2,978 listed companies, with a total listed market capitalization of approximately ₹411 trillion. During Fiscal 2026, over ₹20.3 trillion was mobilized through its platform.

The exchange operates on a highly scalable and resilient technology infrastructure that supports high-frequency trading, real-time market data dissemination, risk management, surveillance, and regulatory compliance. NSE plays a critical role in India’s capital market ecosystem by promoting transparency, investor protection, efficient price discovery, and broad-based financial inclusion across more than 99% of Indian postal codes.

As of March 31, 2026, NSE had 1,974 full-time employees, while its subsidiaries employed an additional 907 employees across technology, operations, risk management, compliance, and business functions.

Key Strengths

  • Largest stock exchange in India across key trading segments.
  • Leading global multi-asset exchange by equity derivatives trading volumes.
  • Strong brand built on trust, transparency, and market integrity.
  • Vertically integrated business model covering trading, clearing, settlement, and market data services.
  • Advanced technology platform designed for scale, resilience, and security.
  • Well-positioned to benefit from India’s growing capital markets and investor participation.
  • Strong network effects driven by investors, listed companies, and intermediaries.
  • Comprehensive product offerings across multiple asset classes.
  • Consistent profitability, cash generation, and financial performance.
  • Experienced management team with strong governance and regulatory expertise.

Company Financials (Restated Consolidated)

National Stock Exchange of India Ltd.’s revenue decreased by 2% and profit after tax (PAT) dropped by 15% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 87,937.44 69,466.64 65,463.98
Total Income 18,713.37 19,176.83 16,352.06
Profit After Tax 10,302.06 12,187.69 8,305.74
EBITDA 11,097.90 12,646.88 9,869.81
NET Worth 31,869.72 30,165.05 23,833.10
Reserves and Surplus 31,866.04 30,105.83 23,924.91
Total Borrowing 0.00 0.00 0.00

IPO Objects of the Issue

The National Stock Exchange of India Ltd. IPO is a 100% Offer for Sale (OFS), so the company will not receive any funding and the entire IPO proceeds will go to the selling shareholders.

KPI Mar 31, 2026
ROE 32.98%
ROCE 42.80%
RoNW 33.21%
PAT Margin 50.98%
EBITDA Margin 66.85%
NAV 129.75

 

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 41.62 41.62

 

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group NA NA
Public 100.00% 100.00%
Total

Company Promoter: No Identifiable Promoter

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered
State Bank of India Corporate 1,59,69,410
MS Strategic (Mauritius) Ltd. Corporate 1,60,00,000
Canada Pension Plan Investment Board Corporate 1,18,74,060
Aranda Investments (Mauritius) Pte.Ltd. Corporate 1,12,46,336
Bank of Baroda Corporate 1,09,86,250

IPO Registrar

MUFG Intime India Pvt.Ltd.

IPO Lead Manager(s)

  1. Kotak Mahindra Capital Co.Ltd.
  2. Morgan Stanley India Co.Pvt.Ltd.
  3. HSBC Securities & Capital Markets (India) Pvt.Ltd.
  4. Avendus Capital Pvt.Ltd.
  5. Dam Capital Advisors Ltd.
  6. HDFC Bank Ltd.
  7. IDBI Capital Markets & Securities Ltd.
  8. Motilal Oswal Investment Advisors Ltd.
  9. Pantomath Capital Advisors Pvt.Ltd.
  10. JM Financial Ltd.
  11. Citigroup Global Markets India Pvt.Ltd.
  12. JP Morgan India Pvt.Ltd.
  13. Anand Rathi Advisors Ltd.
  14. Axis Capital Ltd.
  15. Equirus Capital Ltd.
  16. ICICI Securities Ltd.
  17. IIFL Capital Services Ltd.
  18. Nuvama Wealth Management Ltd.
  19. 360 One WAM Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

National Stock Exchange of India Ltd. Address
Exchange Plaza,
C-1, Block G, Bandra Kurla Complex,
Bandra (East),
Mumbai, Maharashtra, 400051

IPO FAQs

NSE IPO is a main-board IPO of 14,89,05,525 equity shares of the face value of ₹1 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The NSE IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.

Angel One customers can apply online in NSE IPO using UPI as a payment gateway. Angel One customers can apply in NSE IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in NSE IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘NSE IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The NSE IPO dates are not announced. Please check back again after some time.

NSE IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in NSE IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for NSE IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the NSE IPO allotment status.

The NSE IPO listing date is not yet announced. The tentative date of listing is .

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