In a major development for India’s most-awaited stock market listing, public sector undertakings (PSUs) have formally come forward to participate in the Offer for Sale (OFS) portion of the National Stock Exchange (NSE) IPO, according to an exclusive CNBC-TV18 report citing sources.
Today — April 27, 2026 — was the last date for eligible shareholders to submit their Expressions of Interest (EOI), with a strict 5 PM deadline. Only shareholders who have held fully paid-up NSE shares continuously since June 15, 2025, and whose shares are free from any legal restrictions, were eligible to participate.
Sources telling CNBC-TV18 indicate that the NSE likely received EOIs amounting to 4–5% of equity for the OFS portion — broadly in line with the expected offer size. The offering is expected to cover approximately 4% to 4.5% of NSE’s total equity, with pricing to be finalized through a book-building process.
Why This Matters
The National Stock Exchange’s IPO is expected to raise over ₹20,000 crore, positioning it among the largest IPOs in India’s history. The offering is structured entirely as an offer-for-sale, meaning existing shareholders will sell their holdings and the exchange itself will receive no proceeds.
NSE shares currently trade in the unlisted market at approximately ₹1,925, valuing the exchange at nearly ₹4.7 lakh crore.
What’s Next?
With today’s EOI window now closed, NSE will verify submissions and finalize participating shareholders. NSE has appointed 20 merchant bankers for the issue — the highest number assembled for any IPO in India — alongside multiple law firms and market intermediaries. The Draft Red Herring Prospectus (DRHP) is expected to be filed with SEBI by end of May or early June 2026, after which roadshows and the public issue launch could follow in the latter half of the year.
The NSE IPO, years in the making, is now unmistakably in its final lap.