World’s Largest Derivatives Exchange NSE Announces Mega IPO Starting September 17.

National Stock Exchange of India Limited’s Initial Public Offering to Open on 17th September 2026, Price Band set at Rs 1,700 – Rs 1,785 Per Equity Share of face value of Rs. 1 each

• Price band of Rs 1,700 – Rs 1,785 per Equity Share bearing face value of Rs. 1 each (“Equity Shares”)
• Anchor Investor Bidding Date – 16th September 2026
• Bid/Offer Opening Date 17th September 2026 and Bid/Offer Closing Date 21st September 2026
• Minimum Bid Lot is 8 Equity Shares and in multiples of 8 Equity Shares thereafter

15 September, Bangalore: National Stock Exchange of India Limited has fixed the price band of Rs 1,700/- to Rs 1,785/- per Equity Share of face value Rs. 1/- each for its initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on 17th September 2026, for subscription and close on 21st September 2026.

Investors can bid for a minimum of 8 Equity Shares and in multiples of 8 Equity Shares thereafter.
Equity shares outstanding as on date 2,475,000,000 equity shares of Rs. 1 each.

The IPO, with a face value of Rs 1, is an offer-for-sale up to 126,436,650 equity shares by corporate selling shareholders – State Bank of India, Canada Pension Plan Investment Board, Aranda Investments (Mauritius) Pte Ltd, MS Strategic (Mauritius) Ltd, The New India Assurance Company Ltd, SBI Capital Markets Limited (SS), Bank of Baroda, Stock Holding Corporation of India Limited, General Insurance Corporation of India Limited, and United India Insurance Company Limited.

The issue is being made through the book-building process, in line with SEBI ICDR Regulations, with no more than 50% reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for Retail Individual Investors (RIIs).

National Stock Exchange of India (NSE) began its operations in 1994 and was the first exchange in India to implement electronic or screen-based trading.NSE has been the largest stock exchange in India in terms of total turnover in cash market and total turnover in equity derivatives (based on notional turnover for equity options) from Fiscal 20011 to Fiscal 2026 and the three months period ended June 30, 2026, and have also been the largest stock exchange in India in terms of total turnover in exchange-traded currency derivatives (based on notional turnover for currency options) from Fiscal 20092 to Fiscal 2026 and three months period ended June 30, 2026, according to the Redseer Report.

According to World Federation of Exchanges, compared to the leading listed stock exchange groups globally, the company is the largest multi-asset class exchange in terms of number of trades in cash equities and contracts traded in equity derivatives in Fiscal 2026 and the three months period ended June 30, 2026, with a global market share of 11.38% in number of trades in cash equities and 51.18% in contracts traded in equity derivatives in Fiscal 2026, and a global market share of 10.68% in number of trades in cash equities and 50.22% in contracts traded in equity derivatives in the three months period ended June 30, 2026.

The company has also established key market institutions to create a holistic ecosystem and serve as a one-stop platform for trading, listing and settlement. Its non-trading businesses provide complementary revenue sources and serve market participants’ diverse needs, as described below:

Clearing and settlement – It established NSE Clearing Limited (NCL) in August 1995 for offering clearing and settlement services in India.

The company provides a robust, scalable and secure platform for market participants and investors. It continuously adapts its technology infrastructure to meet investor needs and evolving market requirements. Its platform processed an average of 12.46 billion messages daily during the period from April 1, 2024 to June 30, 2026, with 21.89 billion peak order messages processed in a single day on March 24, 2026, on which date 201.00 million trades were executed and on June 4, 2024, its platform processed a total of 293.85 million peak trades in a single day.

The platform can also process nearly 5 million messages per second with microsecond response time for cash market, equity derivatives and exchange-traded currency derivatives.

In the three months period ended June 30, 2026, and in Fiscal 2026, the company enabled the capital mobilisation of over ₹1.29 trillion and ₹4.78 trillion in equity capital and facilitated total fund mobilisation of ₹6.19 trillion and ₹20.33 trillion through its platform, respectively, which it believes is evidence of its central role in India’s capital formation architecture.

Its revenue from operations was Rs 4,560 crore for the June 2026 quarter as compared to Rs 4,032 crore a year earlier. Its net profit was Rs 3,121 crore in the June 2026 quarter as compared to Rs 2,811 crore a year earlier.

Kotak Mahindra Capital Company Limited, JM Financial Limited, Morgan Stanley India Company Private Limited, Citi Global Markets India Private Limited, HSBC Securities & Capital Markets India Private Limited, JP Morgan India Private Limited, SBI Capital Markets Limited, Anand Rathi Advisors Limited, Avendus Capital Private Limited, Axis Capital Limited, DAM Capital Advisors Limited, Equirus Capital Limited, HDFC Bank Limited, ICICI Securities Limited, IDBI Capital Markets & Securities Limited, IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited, Pantomath Capital Advisors Private Limited and 360 ONE WAM Limited, are the book-running lead managers.

MUFG Intime India Private Limited is the registrar to the issue.

The equity shares are proposed to be listed on BSE.