NSE listing moves closer, likely to file IPO DRHP by Friday: Source

NSE is set to file its IPO DRHP by Friday, marking a major milestone for one of India's most anticipated public offerings, delayed for years by regulatory and legal hurdles. The issue, structured entirely as an offer-for-sale of 4-4.5% equity, is expected to raise over Rs 20,000 crore at an implied valuation of ~Rs 5 lakh crore based on unlisted market quotes of Rs 1,950-2,050 per share. The recent settlement of the co-location case has removed a key overhang, though the sharp rise in shareholders to 1.86 lakh by Dec 2025 has complicated the OFS process.