The National Stock Exchange of India (NSE) has filed its Draft Red Herring Prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI) to raise funds through Initial Public Offering (IPO).
The IPO, with a face value of Rs 1, is entirely an offer-for-sale of up to 148, 905, 525 shares by State Bank of India, MS Strategic (Mauritius) Ltd, Canada Pension Plan Investment Board, Aranda Investments (Mauritius) Pte Ltd, Bank of Baroda, Stock Holding Corporation of India Limited, General Insurance Corporation of India Limited, The New India Assurance Company Ltd, National Insurance Limited and United India Insurance Company Limited. The issue is expected to raise around Rs 30,000 crore, making it one of the largest IPOs in India’s capital market history.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail bidders, respectively.
Incorporated in 1992, NSE is 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 FY2001 to FY2026, and is also the largest stock exchange in India in terms of total turnover in exchange-traded currency derivatives (based on notional turnover of currency options) from FY2009 to FY2026, according to the Redseer report.
As per World Federation of Exchanges, NSE also retained its position as the largest equity derivatives exchange globally with over 36.99 billion contracts traded in FY26. NSE was the largest exchange in India in terms of total turnover in cash market and the third largest globally in terms of number of trades in cash equities, according to World Federation of Exchanges.
NSE’s operations are supported by proprietary technology infrastructure, supporting high-speed and high-frequency transactions while ensuring seamless market operations, comprehensive market data dissemination.
This transformation is reflected in the expansion of its Unique Registered Investors base, which has grown at a compounded rate of 26.9% from 30.87 million as of 31 March, 2020 to 129.1 million as of 31 March, 2026. In FY2026, total fund mobilisation of Rs 20.3 trillion was raised through its platform. Investors on the company’s stock exchange span over 99% of Indian postal codes as of 31 March, 2026.
The company continuously adapts its technology infrastructure to meet investor needs and evolving market participants. As of 31 March 2026, the company’s platform processed an average of 12 to 14 billion messages daily. On 4th June 2024 cumulative (across all segments) number of trades was 293.85 million that’s the highest till date at cumulative level.
Its revenue from operations was Rs 16,601 crore during FY26 as against Rs 14,780 crore during FY24. Its net profit was Rs 10,302 crore during FY26 as against Rs 8,305 crore during FY24.
