BSE shares in focus as rival NSE files DRHP with Sebi for mega IPO

NSE has filed its DRHP with Sebi for a mega IPO, offering for sale up to 14.89 crore equity shares representing around 6% of its paid-up capital. Five PSU entities — SBI, IDBI Bank, SBI Capital Markets, IFCI and Bank of Baroda — together are selling about 2.37 crore shares in the OFS, while LIC, Premji Invest and Radhakishan Damani are retaining their holdings. BSE shares are in focus as the rival exchange's listing nears, though experts view any near-term weakness in BSE as a knee-jerk reaction, noting that NSE's IPO brings a direct market valuation benchmark but does not alter BSE's core business fundamentals. The listing is expected later in 2026.