NSE IPO set to create windfall for LIC, SBI, Radhakishan Damani, other key shareholders

NSE has filed its DRHP with SEBI for an IPO estimated at around Rs 30,000 crore, structured entirely as an Offer for Sale of up to 14.89 crore shares, making it the largest IPO in Indian stock market history. Key shareholders set to benefit include LIC with 10.72 percent stake, Aranda Investments at 4.54 percent, Stock Holding Corporation at 4.44 percent, SBI Capital Markets at 4.33 percent, SBI at 3.23 percent, GIC at 1.64 percent, Canada Pension Plan Investment Board at 1.60 percent, and Radhakishan Damani at 1.58 percent. Twenty book-running lead managers, including Kotak Mahindra Capital, Morgan Stanley, HSBC, JPMorgan, Citi, ICICI Securities, Axis Capital, JM Financial, and HDFC Bank, are overseeing the issue, with price band yet to be disclosed.