Who are the key sellers in the National Stock Exchange of India's IPO?

Temasek Holdings Pte., Life Insurance Corporation of India Ltd., State Bank of India Ltd., and SBI Capital Markets Ltd. are expected to be key sellers in the National Stock Exchange of India's IPO.

What is the expected valuation of the National Stock Exchange of India?

The National Stock Exchange of India's shares trading on the unlisted market imply a valuation of about 5.3 trillion rupees, or $58 billion.

What was the recent financial performance of the National Stock Exchange of India?

For the fiscal year ended March 2025, NSE reported a 15% increase in revenue to 17,100 crore and a 44% surge in profit to 12,188 crore.

Home / Business and Economy / NSE IPO Gears Up for $2.5B Launch

NSE IPO Gears Up for $2.5B Launch

2 Feb

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Summary

Temasek and LIC are key sellers in the NSE's $2.5 billion IPO.
The IPO will feature existing shareholders offering 4-4.5% of equity.
NSE's unlisted shares imply a $58 billion valuation, ranking it fourth globally.

Temasek Holdings and Life Insurance Corporation of India are poised to be major sellers in the National Stock Exchange of India's anticipated $2.5 billion initial public offering. State Bank of India and SBI Capital Markets are also expected to participate in the secondary sale, which will offer between 4% and 4.5% of the company's equity. All 190,000 shareholders will have the opportunity to divest their holdings.

The exchange, valued at approximately $58 billion based on unlisted share prices, ranks as the fourth most valuable globally. NSE's board is expected to form a committee soon to oversee the IPO process, including appointing investment bankers and negotiating terms. The exchange is targeting a draft prospectus filing within three months.

NSE, which dominates over 75% of India's derivatives market, reported a 15% revenue increase to 17,100 crore for the fiscal year ended March 2025, with profits surging 44% to 12,188 crore. The company recently received regulatory clearance for its IPO preparations, nearly a decade after its initial 2016 listing attempt was stalled due to corporate governance concerns.