NSE IPO: Bourse plans to launch $3 billion issue in September; marketing likely to begin next week: Report

NSE is set to begin formal marketing for its much-awaited IPO as early as next week, targeting a September 2026 listing that could raise up to $3 billion. At a grey market valuation of around Rs 5.25 trillion (about $55.1 billion), the proposed 6 percent stake sale could fetch nearly Rs 306 billion, potentially surpassing Hyundai Motor India's 2024 IPO as India's largest public issue. The exchange has appointed around 20 investment banks including Kotak Mahindra Capital, JM Financial, Morgan Stanley, HSBC and Citigroup, and plans investor roadshows across the US, London, Singapore, Hong Kong, the Middle East and India.