National Stock Exchange IPO may come soon.Image Credit source: ChatGPT
In the current year, many stalwarts are preparing to enter the IPO ring. But the king of the stock market is fully gearing up to establish his dominance in this ring. Yes, this king is none other than the National Stock Exchange. NSE is entering the stock market arena with an IPO of about Rs 22,900 crore. There is also news that Temasek Holdings Pte and Life Insurance Corporation of India (LEC) are likely to be the main sellers in the IPO.
The Bloomberg report quoted sources as saying that State Bank of India Limited and SBI Capital Markets Limited can also participate in this IPO as sellers. Only existing shareholders will participate in this IPO, who will sell 4 percent to 4.5 percent of the company’s equity.
Who has how much stake in NSE?
The source told in the media report that all 190,000 shareholders of the exchange will be given the option to participate in secondary sales under the IPO. According to data published on the exchange website, LIC has 10.72 per cent stake in NSE and Temasek has about 4.5 per cent stake. The data shows that as of December 31, 2025, SBI Capital’s stake was around 4.5 per cent, while SBI’s stake is around 3.2 per cent. A source said the NSE board is likely to form a committee within a few days comprising its top officials and representatives of major shareholders including LIC and SBI to oversee the IPO process. The board meeting is scheduled on February 6 to approve the financial results for the quarter ending December 2025 and during this time the decision on the composition of the committee can also be taken.
The world’s fourth largest exchange
According to Incredmoney.com, NSE shares are trading at around Rs 2,150 in the unlisted market, which makes its valuation around Rs 5.3 lakh crore ($58 billion). According to data compiled by Bloomberg, it is the world’s fourth largest exchange among listed exchanges. The committee will be tasked with assisting the board in appointing investment bankers, negotiating fees, determining the number of shares to be sold by existing investors and filing the draft prospectus. The source said the exchange is setting a deadline of about three months for filing the prospectus.
had been waiting for a decade
The person said that discussions are ongoing and important details may still change. No official statement has come from NSE, LIC, SBI and SBI Capital Market. On Friday, NSE had said that it has received regulatory approval to start preparations for the IPO. This approval comes almost a decade after it first applied for listing in 2016. The scheme was halted after allegations of lapses in corporate governance and unfair market access were leveled by the Securities and Exchange Board of India (SEBI). NSE later filed two settlement applications related to the matter, proposing to pay approximately Rs 1,300 crore.