NSE files preliminary papers with SEBI for record Rs 30,000 crore IPO
The National Stock Exchange (NSE) has filed preliminary papers with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). The issue size is estimated to be around Rs 30,000 crore, making it one of the largest public issues in India’s stock market history.
The IPO consists entirely of an offer for sale (OFS) of 14.89 crore shares with existing shareholders collectively divesting nearly 6 per cent of the exchange's stake. Among the top-selling shareholders, State Bank of India will offload up to 2.48 crore shares, followed by MS Strategic (Mauritius) with 1.60 crore shares. This long-awaited public offering will surpass the previous record held by Hyundai Motor India's Rs 27,870 crore issue launched in October 2024.
