NSE IPO likely within 7-8 months; no new issue, sale of 4-4.5% shares through OFS: Ashish Chauhan

The National Stock Exchange’s (NSE) initial public offering (IPO) is likely to hit domestic primary markets in the next seven to eight months, with India’s largest stock exchange expected to transfer 4 to 4.5% of its equity through existing shareholders, ET Now reported, quoting Managing Director and CEO Ashish Kumar Chauhan. He clarified that NSE will not raise any fresh capital as the issue will be a pure offer for sale (OFS). Chauhan added that the IPO price will be determined by prevailing market conditions and NSE’s profitability at the time of issuance. “Broadly speaking, our company today is more than a publicly traded company. We have 191,000 shareholders… we provide sort of… all quarterly results and even that stuff is done as if we were a publicly traded company,” he further said.

“…so broadly it’s a way to formally recognize that listing framework and give more liquidity to both existing shareholders and new shareholders who want to join…so it’s more of a procedural activity and has nothing to do with pricing or other things,” Chauhan said.

#Budget2026 | “Our IPO is likely to take seven to eight months from now,” said NSE’s Ashish Chauhan, sharing details of the listing timeline and pricing strategy.@ashishchauhan @NSEIndia #UnieBudget2026 #BudgetOnETNOW #NirmalaSitharaman pic.twitter.com/CeJ1XhWtDc

— ET NOW (@ETNOWlive) February 1, 2026

Indian market regulator Security and Exchange Board of India (Sebi) on Friday issued its no-objection certificate for NSE’s much-awaited IPO. The approval marks a major regulatory milestone for India’s largest stock exchange, which has been preparing for a stock exchange listing for several years amid governance reforms and regulatory scrutiny.“We are extremely pleased with SEBI’s approval for our IPO – a major milestone in our growth trajectory,” said Srinivas Injeti, Chairman, NSE, after the exchange received the regulatory nod.

“With SEBI’s approval, we embark on a new chapter of value creation for all our stakeholders. This approval also strengthens confidence in NSE as an integral part of the Indian economy and a beacon of Indian capital markets,” he said.

With Sebi’s nod, NSE is expected to move closer to finalizing the structure and timing of its IPO, although the exchange is yet to make an official announcement. According to an earlier Reuters report, NSE is said to be planning to file draft listing papers by the end of March and is in talks with investment bankers and law firms to finalize the prospectus and assess investor appetite.

NSE’s unlisted shares are currently trading at Rs 2,120 on InCred Money.

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