The National Stock Exchange set its IPO price band at ₹1,700–1,785 to raise up to ₹22,562 crore. This pricing represents a downsized valuation of $46 billion as market-wide valuation worries mount.
₹22,562 cr
Max Issue Size
Original Target: ₹30,000 cr→₹22,562 cr
⏳ Time Machine
How today’s news fits into the bigger picture
2015
Co-location Scandal Breaks
Whistleblower allegations emerge that some high-frequency traders got preferential access to servers, halting early IPO plans.
2017
BSE Steals the March
Rival Bombay Stock Exchange lists successfully on the market, enjoying a multi-year monopoly as the only listed national exchange.
May 2026
Regulator Dispute Cleared
The market regulator clears outstanding legacy disputes, finally paving the legal path for the exchange to resubmit its listing documents.
Today
NSE officially sets its IPO price band at ₹1,700–1,785, downsizing its valuation to $46 billion.
What happens next?
The public issue opens on September 17, 2026, marking India's most highly anticipated market listing.
The National Stock Exchange (NSE) has officially set its IPO price band at ₹1,700 to ₹1,785 per share, aiming to raise up to ₹22,562 crore. This highly anticipated public issue is structured entirely as an offer for sale (OFS), allowing existing institutional shareholders like State Bank of India and Bank of Baroda to trim their stakes. However, the exchange has quietly downsized its targeted valuation to $46 billion, compared to earlier market estimates that neared $50 billion. This adjustment reflects growing regulatory and investor caution over high valuations in the broader Indian equities market. For retail and institutional investors, the issue marks a landmark entry into India's dominant market platform, which currently commands over 90% of equity trading volume. The IPO is slated to open for bidding on September 17, drawing intense global attention.
💭 If you're wondering…
An offer for sale is a mechanism where existing shareholders, like banks or institutional investors, sell their current holdings to the public, meaning the company itself does not receive any fresh capital from the sale.
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