NSE Prepares for Major IPO with Draft Filing Today

The National Stock Exchange (NSE) is gearing up to file its Draft Red Herring Prospectus today, marking a significant step towards its initial public offering (IPO). With a potential valuation exceeding Rs 5 lakh crore, this IPO could become one of India's largest. NSE shares are currently trading in the unlisted market at around Rs 1,950-2,050. Notably, NSE's CEO, Ashish Chauhan, confirmed that the exchange will not list its shares on its own platform due to regulatory restrictions. The selection of merchant bankers and intermediaries for the IPO has already been finalized, setting the stage for this major financial event.

By Narendra Chaudhary Jun 17, 2026, 11:50 IST

NSE's Upcoming IPO Announcement

The National Stock Exchange (NSE) is poised to unveil its long-anticipated initial public offering (IPO) by submitting its Draft Red Herring Prospectus (DRHP) today. Reports indicate that the IPO could value the NSE at over Rs 5 lakh crore, potentially positioning it among the largest public offerings in India. The offering is expected to encompass around 5% of the exchange's equity capital, significantly exceeding the Securities and Exchange Board of India (SEBI) minimum public float requirement of 2.5% for firms valued above Rs 10,000 crore.

Currently, in the unlisted market, NSE shares are trading between Rs 1,950 and Rs 2,050, suggesting a valuation close to Rs 5 lakh crore. In a recent interview, NSE's Managing Director and CEO, Ashish Chauhan, stated that the exchange will not list its shares on its own platform due to Indian regulations that prevent self-listing by exchanges. He emphasized that as a regulated entity, the NSE must seek listing on other exchanges.

In March, the NSE completed the selection process for merchant bankers, law firms, and other intermediaries for its IPO. The chosen merchant bankers include notable firms such as Kotak Mahindra Capital Company, JM Financial, Axis Capital, and several others.