NSE files DRHP for mega $2 billion IPO, SBI among 10 investors to sell stake

NSE has filed its DRHP with Sebi for a mega IPO valued at around $2 billion, structured entirely as an offer-for-sale of up to 14.89 crore shares at a face value of Rs 1. Key selling shareholders include SBI, Tiger Global, IDBI Bank, Aranda Investments, SAIF II-SE Investments, HDFC Standard Life, Bajaj Holdings and Investment, Bank of Baroda, IFCI, and SBI Capital Markets, with Tiger Global being the single largest seller at over 13% of the offer. The exchange currently trades in the unlisted market at around Rs 1,950-2,050 per share, implying a valuation of about Rs 5 lakh crore, making it one of the most valuable listed financial institutions in India once listed.