NSE IPO: 5 PSU Shareholders to Offload 2.37 Crore Shares in Mega Offer

The National Stock Exchange (NSE) is nearing a historic milestone with its long-awaited initial public offering (IPO), set to become one of India's largest public listings. According to the Draft Red Herring Prospectus (DRHP) filed with SEBI, several major public sector undertakings (PSUs) will participate in the offer by monetising their existing stakes.

Major PSU Stakeholders to Participate in Offer for Sale

The proposed IPO is structured entirely as an Offer for Sale (OFS), involving up to 14.89 crore equity shares, representing approximately 6% of NSE's paid-up equity capital. Five government-owned entities have committed to offloading a combined total of approximately 2.37 crore shares.

Leading the disinvestment is IDBI Bank, which plans to sell 74.15 lakh shares. It is followed by State Bank of India (SBI) with 64.28 lakh shares and SBI Capital Markets with 53.62 lakh shares. Other notable participants include IFCI, which will offload 34.32 lakh shares, and Bank of Baroda, which will sell 10.98 lakh shares. Interestingly, while these PSUs are exiting a portion of their holdings, key investors like LIC, Premji Invest (2.35% stake), and Radhakishan Damani (1.58% stake) will not be participating in the share sale and will retain their current holdings.

Massive Valuation and Market Impact

With an estimated valuation of around ₹5 lakh crore in the unlisted market, the NSE IPO is expected to be worth roughly ₹30,000 crore. If successful, this would mark it as the biggest public offering in India's history. The exchange's shares are slated to be listed on the BSE, following a reciprocal arrangement with its primary competitor.

The journey to this listing has been long; the initial filing for a ₹10,000 crore issue dates back to December 2016, but the process faced significant delays due to previous regulatory controversies.

Financial Performance and Global Dominance

Despite regulatory shifts, NSE remains a financial powerhouse. The exchange's revenue from operations grew to ₹16,601 crore in FY26, up from ₹14,780 crore in FY24. While net profit rose to ₹10,302 crore in FY26, it saw a 15% year-on-year decline from the ₹12,188 crore recorded in FY25, largely due to tighter SEBI regulations on equity derivatives.

NSE-இன் செயல்பாட்டு அளவு ஈடுஇணையற்றது. இது உலகின் மிகப்பெரிய ஈக்விட்டி டெரிவேட்டிவ்ஸ் பரிமாற்றமாகத் தொடர்கிறது, 2026 நிதியாண்டில் 36.99 பில்லியனுக்கும் அதிகமான ஒப்பந்தங்களைக் கையாண்டுள்ளது. இந்த பரிமாற்றத்தின் பிரம்மாண்டமான தொழில்நுட்பக் கட்டமைப்பு நாளொன்றுக்கு சராசரியாக 12 முதல் 14 பில்லியன் செய்திகளைச் செயலாக்குகிறது. மேலும், NSE ஒரு நிலையான லாபப்பங்கு (dividend) வழங்கும் நிறுவனமாகத் தன்னை நிரூபித்துள்ளது, FY25 மற்றும் FY26 ஆகிய இரு நிதியாண்டுகளிலும் ஒரு பங்கிற்கு ₹35 வீதம் விநியோகித்துள்ளது.

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