NSE IPO: 5 PSU shareholders to offload 2.37 crore shares in mega public offer

NSE has filed its DRHP with SEBI for a mega IPO, entirely through an offer for sale of up to 14.89 crore shares (about 6% of paid-up capital). Five PSU shareholders — IDBI Bank (74.15 lakh shares), SBI (64.28 lakh), SBI Capital Markets (53.62 lakh), IFCI (34.32 lakh) and Bank of Baroda (10.98 lakh) — will offload about 2.37 crore shares combined, while LIC, Premji Invest and Radhakishan Damani will retain holdings. Estimated at around Rs 30,000 crore, this is expected to be the biggest public issue in India at an implied valuation of roughly Rs 5 lakh crore. FY26 revenue rose to Rs 16,601 crore and net profit to Rs 10,302 crore, though PAT declined 15% YoY from Rs 12,188 crore in FY25 partly due to tighter SEBI derivatives rules.