Kolkata, September 8, 2026: The nearly Rs 30,000-crore initial public offering (IPO) of the National Stock Exchange is likely to open for public subscription on September 18 and list on September 25, sources said on Tuesday.
IPO Timeline
The price band for the IPO is expected to be announced on September 15, followed by the anchor book on September 17, they said.
The public issue is likely to remain open on September 18, September 21 and September 22. There is no official announcement on this issue calendar by the bourse.
India’s Largest IPO
The issue, which could raise around Rs 30,000 crore, is set to surpass Hyundai Motor India's Rs 27,870-crore offering in 2024 to become India's largest IPO, the sources said.
The IPO will comprise an offer for sale (OFS) of up to 148.9 million equity shares of face value Rs 1 each, representing nearly 6 per cent of NSE's paid-up equity capital.
There will be no fresh issue of shares, meaning the exchange itself will not receive any proceeds from the offering, they said.
Listing Before Pitru Paksha
The proposed timeline has so far been fixed to ensure that NSE shares debut before the 16-day lunar period ‘Pitru Paksha’ begins on September 26, they said.
The IPO has been in the works for nearly a decade and received crucial regulatory clearance from Sebi earlier this month, paving the way for the exchange's long-awaited market debut, the sources said.
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NSE is India's largest stock exchange by trading activity and operates the benchmark Nifty 50 index. It is also the world's most active derivatives exchange in terms of the number of contracts traded.
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