SEBI Approves NSE IPO for Rs 30,000 Crore Listing

The Securities and Exchange Board of India (SEBI) has granted approval for the long-awaited initial public offering (IPO) of the National Stock Exchange (NSE), paving the way for what is expected to be one of India's largest public listings. The approval, issued on Friday, September 4, 2026, clears a significant regulatory hurdle that had delayed the exchange's public debut for nearly a decade. The proposed IPO is structured entirely as an offer for sale, with existing shareholders planning to divest approximately 6 percent of the exchange's stake, representing about 14.89 crore shares. This means the funds raised will go to the selling shareholders, not to the company itself. The IPO is estimated to raise around Rs 30,000 crore (approximately $3.6 billion), which would make it the largest IPO in India's recent history, potentially surpassing Hyundai Motor India's Rs 27,870 crore issue from 2024. The NSE's listing plans were first initiated in 2016 but were stalled due to regulatory investigations, notably concerning a colocation controversy where certain traders allegedly received preferential access to the exchange's servers.