Mumbai, March 30: The National Stock Exchange (NSE) has initiated the process for its long-awaited Initial Public Offering (IPO). As part of this effort, the exchange has reached out to existing shareholders to gauge their interest in participating through an Offer for Sale (OFS).
According to sources, the exchange has sent a message to investors requesting an Expression of Interest (EOI) from those shareholders who wish to sell some or all of their shares in the proposed public issue. This step is seen as a formal and significant move towards the NSE’s IPO, which has been under consideration for several years.
In this process, the exchange has also shared the EOI form and relevant documents outlining the terms and structure for participation via the OFS. Shareholders interested in this opportunity can sell their entire or a portion of their shares based on the stipulated conditions.
Additionally, investors have been asked to submit their responses by April 27 at 5 PM, indicating their willingness to participate in the IPO.
The message stated, “As a shareholder, you may offer some or all of your equity shares for sale in the IPO, subject to the conditions provided in the OFS notice.”
This move indicates a renewed momentum in the NSE’s listing plans, as the exchange identifies potential selling shareholders ahead of the IPO.
Previously, the NSE appointed 20 merchant bankers to manage this issue, marking the largest number ever for a public issue in India. Notable investment banks in this list include Kotak Mahindra Capital, SBI Capital Markets, JP Morgan, and Citigroup.
Furthermore, the exchange has also engaged eight law firms, including domestic firms Cyril Amarchand Mangaldas, Trilegal, and the American firm Latham & Watkins. Other intermediaries include IPO service firm MUFG Intime and consultancy firm Redseer.
In 2025, the IPO of ICICI Prudential AMC featured 18 book runners, which was the largest record at that time in India.
The NSE received approval for its IPO from the Securities and Exchange Board of India (SEBI) in January. At that time, NSE Chairperson Srinivasan Injeti stated that this milestone marks a significant chapter in the company’s growth journey and will initiate a new phase of value creation for all stakeholders.
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