NSE IPO: 7 PSU shareholders to offload 8 crore shares in mega public offer

Published 18 June 2026 · finance

7 public sector entities, including State Bank of India (SBI), Bank of Baroda, Stock Holding Corporation, GIC, New India Assurance, Insurance Company, and United Insurance

7 public sector entities, including State Bank of India (SBI), Bank of Baroda, Stock Holding Corporation, GIC, New India Assurance, Insurance Company, and United Insurance Company are set to partially monetise their holdings in the Stock Exchange (NSE) through the bourse's long-awaited initial public offering (IPO).According to NSE's Draft Red Herring Prospectus (DRHP) filed with market regulator SEBI, the seven government-owned entities together hold approximately 7.97 crore shares that are part of the proposed offer for sale (OFS).Among them, SBI is the largest selling shareholder, offloading 2.4 crore shares, followed by Bank of Baroda offloading 1.09 crore shares of the the company. Other shareholders include Stock Holding Corporation of India, General Insurance Corporation, The New India Assurance Company, Insurance Company, and United Indian Insurance Company. Notably, Life Insurance Corporation of India (LIC), one of NSE's key shareholders, will not participate in the share sale. Premji Invest, which owns a 2.35% stake, and investor Radhakishan Damani, who holds 1.58%, are also retaining their holdings and will not sell shares in the IPO.The filing moves NSE a step closer to one of the most anticipated listings in India's capital market history.

With the exchange commanding an estimated valuation of around Rs 5 lakh crore in the unlisted market, the IPO is expected to be worth roughly Rs 30,000 crore, making it the biggest public offering in India.Also read: Ambani’s next multi-billion dollar bet is out of this worldNSE IPO detailsThe proposed IPO is entirely an OFS of up to 14.89 crore equity shares with a face value of Re 1 each, representing nearly 6% of NSE's paid-up equity capital. The issue size has been fixed at 6% of the exchange's paid-up capital.NSE's shares will be listed on BSE, mirroring the arrangement under which BSE's own shares are listed on NSE.The IPO filing marks the culmination of a process that began in December 2016 when NSE first filed a DRHP for a Rs 10,000 crore issue. The listing plan was subsequently delayed due to the co-location controversy.NSE IPO financialsThe exchange remains one of the most profitable and strategically important institutions in India's financial ecosystem. Revenue from operations rose to Rs 16,601 crore in FY26 from Rs 14,780 crore in FY24, while net profit increased to Rs 10,302 crore from Rs 8,305 crore during the same period.

However, profit after tax declined 15% year on year from Rs 12,188 crore in FY25 to Rs 10,302 crore in FY26, partly reflecting the impact of SEBI's tighter regulations on equity derivatives trading.Read more: En route to D-Street: NSE files draft papers with SebiWorld’s leading equity derivatives exchangeAccording to the World Federation of Exchanges, NSE retained its position as the world's largest equity derivatives exchange, with more than 36.99 billion contracts traded during fiscal 2026, including activity on NSE International Exchange (NSEIX). As of March 31, 2026, it was also the largest exchange in India by cash market turnover and the third largest globally by number of trades in cash equities.The scale of its operations is also reflected in its technology infrastructure, which processed an average of 12 to 14 billion messages daily as of March 2026. The exchange recorded its highest ever cumulative trading activity on June 4, 2024, when total trades across segments reached 293.85 million.India's largest stock exchange by cash market turnover, equity derivatives turnover and exchange traded currency derivatives turnover, NSE has also been a strong cash generator for shareholders.