SEBI gives nod to NSE for Rs 30,000 crore IPO, SBI Group to give largest offload

The National Stock Exchange of India (NSE) has obtained regulatory approval to move forward with its planned Rs 30,000 crore initial public offering (IPO), which could become the second-largest IPO in India, following the anticipated Jio Platforms listing.

The Securities and Exchange Board of India (SEBI) has provided its letter of observation to NSE, approving the exchange’s Draft Red Herring Prospectus (DRHP) for the public offering.

NSE submitted its DRHP on June 17, 2026, after its highly awaited IPO faced delays for nearly a decade due to regulatory and legal challenges.

The upcoming IPO will be solely an offer for sale (OFS), with current shareholders aiming to sell up to 14.89 crore equity shares, accounting for about 6% of NSE’s paid-up capital. The offering will not include any new share issuance by the exchange.

The SBI Group is among the existing shareholders planning to offload their holdings and is expected to be the largest seller, offering up to 2.475 crore shares. Some other major shareholders participating in the OFS include MS Strategic (Mauritius) Ltd, which might sell up to 1,60 crore shares.