NSE likely to file DRHP for IPO by Thursday, eyes ₹5 lakh crore valuation, suggests report

National Stock Exchange (NSE) is likely to file its DRHP with Sebi by Thursday for its long-awaited IPO, targeting a valuation of ₹5-5.25 lakh crore and aiming to list between Navratri and Diwali 2026. The issue will be entirely an offer for sale of a 4-5% stake worth approximately ₹20,000 crore, with no fresh issue component. Sebi had earlier granted in-principle approval to NSE's settlement application in the unfair market access case, clearing a key regulatory hurdle; LIC holds 10.72% and the SBI group holds around 7.5% in the exchange.