NSE Files DRHP With SEBI, Shareholders To Sell 6% Stake Via OFS Route

The National Stock Exchange (NSE), India’s largest stock exchange, has taken a major step toward its long-pending IPO. The company has filed its Draft Red Herring Prospectus (DRHP) with SEBI. The issue is structured entirely as an offer for sale (OFS), with shareholders including SBI, Canada Pension Plan Investment Board, Bank of Baroda, GIC, and New India Assurance set to sell around 14.89 crore shares, roughly 6% of the company’s equity.

NSE’s Market Position
According to the draft papers, NSE continues to lead in India’s cash market, equity derivatives, and currency derivatives segments. The exchange’s operating revenue rose to Rs 16,601 crore in FY 2025-26, with net profit reaching Rs 10,302 crore.

Scale of Operations
NSE remains the world’s largest equity derivatives exchange, with 3,699 crore contracts traded and the technical capacity to process 1,200-1,400 crore SMS messages a day. Once the IPO is complete, NSE shares will list exclusively on the BSE.