NSE IPO: SBI, Bank of Baroda among top sellers in OFS, set for multibagger gains; LIC stays put

NSE has filed draft papers with SEBI for an IPO estimated at around Rs 30,000 crore, potentially the largest public issue in Indian stock market history, valuing the exchange at over Rs 5 lakh crore. The issue will be entirely an offer for sale of 14.89 crore shares, with SBI selling up to 2.48 crore shares as the largest divesting shareholder, alongside Bank of Baroda, MS Strategic, CPPIB, Aranda Investments, and several PSU insurers. LIC, NSE's single largest shareholder with a 10.72% stake, will not participate in the OFS.