National Stock Exchange of India launches Rs 22,569 crore IPO

National Stock Exchange of India IPO Offer for Sale Indian stock market Ashish Kumar Chauhan

The National Stock Exchange of India (NSE) has launched its highly anticipated initial public offering (IPO), which opens for subscription from September 17 to September 21. The issue is structured entirely as an offer for sale (OFS) of up to 12.64 crore equity shares by existing shareholders, meaning the exchange will not receive fresh capital from the offering. The total issue size is approximately Rs 22,569 crore, with a fixed price band of Rs 1,700 to Rs 1,785 per share.

NSE CEO Ashish Kumar Chauhan noted that investor demand has been “unexpectedly large.” While the anchor book size was revised downward to approximately Rs 6,250 crore from an initial target of Rs 9,000 crore, interest remains substantial. Major institutional participants in the anchor book include Goldman Sachs Asset Management, HSBC, Fidelity International, and Eastspring Investments, as well as sovereign wealth funds like GIC Singapore and the Abu Dhabi Investment Authority.

Selling shareholders, including State Bank of India and CPP Investments, are expected to realize significant profits from the sale. The exchange has maintained strong financial performance, with EBITDA margins reported between 77% and 79% in recent years. The IPO is one of the largest in the country's history, following the scale of the Hyundai Motor India offering earlier in 2024.

Entities

Ashish Kumar Chauhan · Ashishkumar Chauhan · Goldman Sachs · HSBC · National Stock Exchange of India · State Bank of India

Claims

What the coverage asserts, and how many sources carry each claim.

[● 6 SOURCES] The IPO price band is set between Rs 1,700 and Rs 1,785 per equity share. desitalkchicago.com · bhaskarlive.in · cryptobriefing.com · newsable.asianetnews.com
[● 3 SOURCES] The anchor book size was revised to approximately Rs 6,250 crore from an initial plan of Rs 9,000 crore. desitalkchicago.com · bhaskarlive.in · newsable.asianetnews.com
[● 6 SOURCES] The IPO is structured entirely as an offer for sale (OFS) of up to 12.64 crore equity shares. desitalkchicago.com · bhaskarlive.in · cryptobriefing.com · newsable.asianetnews.com
[● 6 SOURCES] The IPO subscription period opens on September 17 and closes on September 21. desitalkchicago.com · bhaskarlive.in · cryptobriefing.com · newsable.asianetnews.com
[● 3 SOURCES] Demand for the NSE IPO is unexpectedly large. desitalkchicago.com · bhaskarlive.in · newsable.asianetnews.com
[● 2 SOURCES] State Bank of India is among the selling shareholders in the IPO. www.newsbytesapp.com
[● 2 SOURCES] The exchange has reported EBITDA margins between 77 and 79 percent in recent years. desitalkchicago.com · newsable.asianetnews.com
[● 2 SOURCES] The total issue size is approximately Rs 22,569 crore. cryptobriefing.com