NSE Listing Finally in Sight as SEBI Grants IPO Approval
What Happened
The Securities and Exchange Board of India (SEBI) has issued an observation letter for the long-awaited National Stock Exchange (NSE) IPO, clearing a major regulatory hurdle. NSE had filed its draft IPO papers in June 2026, and the approval now allows it to move toward the final stages of the listing process. Market sources indicate the IPO and listing could take place later this month, though timelines have not yet been formally announced.
Key Takeaways
The IPO will be a pure Offer for Sale (OFS), with existing shareholders selling up to 14.89 crore shares, representing nearly 6% of NSE’s equity capital. Based on current estimates, the issue could be worth around ₹30,000 crore, potentially surpassing Hyundai Motor India’s 2024 issue to become India’s largest IPO.