The National Stock Exchange (NSE) has reportedly cut its price range to **₹1,700-₹1,785 per share**, potentially shrinking the IPO size from **₹30,000 crore** to **₹25,000-₹27,000 crore**. This adjustment comes as some shareholders opt out of selling their stakes.
₹25,000-₹27,000 crore
Revised IPO Size
Earlier Estimate: ₹30,000 crore→₹25,000-₹27,000 crore
⏳ Time Machine
How today’s news fits into the bigger picture
December 2016
NSE Files First DRHP
The NSE filed its Draft Red Herring Prospectus (DRHP) with SEBI, proposing to list its shares and raise capital, initiating its IPO journey.
February 2019
Co-location Scandal Delays IPO
Regulatory issues and investigations into a co-location scandal at the NSE led to significant delays and scrutiny, putting the IPO on hold indefinitely.
April 2023
SEBI Clears Former CEO in Co-location Case
SEBI provided some relief by clearing certain individuals involved in the co-location case, paving the way for the NSE to restart its IPO process.
January 2025
New DRHP Filed with Higher Valuation
The NSE refiled its DRHP, signaling renewed intent for the IPO with an ambitious valuation and a proposed IPO size of around ₹30,000 crore, reflecting robust market conditions.
September 8, 2026
NSE Reportedly Cuts IPO Price Range
Reports emerged that the NSE had revised its IPO price range downwards to ₹1,700-₹1,785 per share, reducing the total issue size as some shareholders opted out of the OFS.
Today
The National Stock Exchange (NSE) has reportedly cut its IPO price range to ₹1,700-₹1,785 per share, reducing its overall size.
What happens next?
The NSE is expected to proceed with its updated IPO filing, with the market closely watching its final subscription figures upon listing in the coming months.
The highly anticipated Initial Public Offering (IPO) of the National Stock Exchange (NSE) is undergoing a significant adjustment. Reports indicate that the exchange has reduced its targeted price range to **₹1,700-₹1,785 per share**, down from earlier estimates. This revision is expected to decrease the overall IPO size from the previously projected **₹30,000 crore** to a new range of **₹25,000-₹27,000 crore**. The change is attributed to certain existing shareholders, including some foreign institutional investors, deciding not to participate in the Offer for Sale (OFS) component of the IPO. This move suggests a recalculation of market demand and valuation expectations for India's largest stock exchange.
💭 If you're wondering…
An Offer for Sale (OFS) is a component of an IPO where existing shareholders of a company sell their shares to the public. Unlike a fresh issue, the money raised from an OFS goes to the selling shareholders, not to the company itself.
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