National Stock Exchange (NSE), the largest stock exchange in India, is set to raise ₹22,568.9 crore from the capital market, after a decade long wait.
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The company set the price band between ₹1,700 to ₹1,785 per share and is set to open for public subscription between September 17 to September 24.
The IPO will open for anchor investors on September 16, 2026.
Canara Bank to raise ₹4,500 cr through additional bonds NSE initially filed its draft prospectus proposing to raise ₹26,579.6 crore and later revised the size to ₹22,568.9 crore, which is 17.7% lower than the proposed size.
Going by the prospectus, SBI cut half of its selling shares to 1,59,69,410 equity shares.
Selling shareholders consist of SBI which will sell ₹2,850.5 crore, making it the largest stake sold, assuming subscription at upper price band.
Canada Pension Plan will sell ₹2,119.5 crore, Aranda Investments of Mauritius at ₹2,007.4 crore, New India Assurance Company Limited at ₹1,874.2 crore, SBI Capital Markets Limited ₹1,567.3 crore, among other global and Indian financial institutions.
NSE IPO may shrink to ₹25,000-27,000 crore as investors pull back from OFS
