National Stock Exchange of India IPO is a mainboard IPO raising ₹22,561 Cr at ₹1,700 – ₹1,785 a share. The smallest application you can make is 8 shares, costing ₹14,280 at the top of the band. Bidding opens on 17 Sept 2026.
Bidding has not opened yet, so there is nothing to subscribe to.
populated partly populated we hold nothing here — the tab says why
Read from the 668-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 13 specific to this company; 614 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
NSE had recognised a provision of ₹13,912.07 million and the same was included in other expenses for the year ended March 31, 2026... The applications for disposal of the SC Colocation Appeals are pending for hearing with Supreme Court.
we derived 79.44%, 78.20%, 78.65%, 79.55% and 82.07% of our revenue from operations from transaction charges of which our options business contributed 60.17%, 58.84%, 60.22%, 59.47% and 64.62% of our revenue from operations
In equity options, our market share by premium turnover was 68.48% in the three months period ended June 30, 2026 and 74.71% in Fiscal 2026 (compared to 87.43% in Fiscal 2025 and 96.86% in Fiscal 2024).
MSEI has filed a compensation claim of ₹8,569.90 million along with interest until the realisation of the claim before the National Company Law Appellate Tribunal (NCLAT). The Supreme Court, through an order dated February 12, 2018, stayed the compensation proceedings before the NCLAT.
NCL has experienced a decline in market share in settlement turnover in cash market (to 86.63% in the three months period ended June 30, 2026 and 88.42% in Fiscal 2026 from 94.24% in Fiscal 2025) and equity derivatives (to 91.20% in the three months period ended June 30, 2026 and 91.04% in Fiscal 2026 from 95.67% in Fiscal 2025)
on April 30, 2023, the European Securities and Markets Authority ("ESMA") revoked NCL and NSEICC's recognition as a third country central counterparty ("CCP") under the European Market Infrastructure Regulation ("EMIR")... these entities can no longer provide clearing services to EU-based clearing members
issues in the links with telecom service providers impacted our Storage Area Network... resulting in the primary SAN becoming inaccessible to host servers. While the trading system was not impacted, outage of risk, clearing and settlement systems at NCL, index and surveillance systems at our Company led to a complete halt in all trading segments for nearly five hours and 24 minutes.
the Bank of England has approved NSE IFSC Clearing Corporation Limited as a non-UK third-country central counterparty under its Temporary Recognition Regime... This temporary recognition expires on October 30, 2026, and there can be no assurance that permanent recognition will be granted thereafter.
in extreme stress scenarios, including the simultaneous default of multiple large clearing members, the margin and collateral held by NCL may prove materially insufficient to cover the resulting settlement obligations... any such shortfall could have a material adverse effect
Total bank guarantee provided by NCL in favour of BSECL towards Inter CCP collateral under interoperability framework as prescribed by SEBI as on June 30, 2026 ₹99,500 million
In Fiscal 2026, our total CSR obligation was ₹2,294.99 million. However, we spent only ₹172.99 million during that year. The remaining balance of ₹2,122.00 million for the Fiscal 2026, was transferred to our Unspent CSR Account... If we fail to utilise these funds as intended by March 31, 2029, we will be required to transfer the unutilised amount to the prescribed Fund
Our Company will not receive any proceeds from the Offer.
With effect from April 1, 2026, the Government of India ("GoI") increased securities transaction tax rates on sale of futures in securities from 0.02% to 0.05% of the contract value and on the sale of options in securities from 0.10% to 0.15% of premium value
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹846 Cr.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 10 | — | 19 | ₹857 Cr |
| Directors | 3 | 0 | 2 | — |
| Subsidiaries | 1 | 0 | 3 | — |
MCX Stock Exchange (now MSEI) vs NSE before CCI/SC: alleged abuse of dominance in currency derivatives; CCI imposed ₹55.50 crore penalty; MSEI filed separate compensation claim of ₹856.99 crore (with 18% p.a. interest) pending before SC/NCLAT; SC stayed recovery.
SEBI colocation matter: WTM Order dated April 30, 2019 directed NSE to disgorge ₹624.89 crore with 12% p.a. interest; SAT Order I dated January 23, 2023 set aside disgorgement but directed NSE to deposit ₹100 crore in IEPF; Adjudication Order penalty of ₹1 crore set aside by SAT; SEBI appeal pending before SC.
Ashutosh Yogesh Shah vs Anugrah Stock Broking / NSE & others: ₹7.131 crore fraud; EOW chargesheet filed; MPID Court ordered further investigation; NSE filed criminal appeal before Bombay HC; EOW April 15, 2025 report found no substantial evidence against NSE.
KSBL fraudulent pledging matter: SAT common judgment dated December 20, 2023 directed NSE/NSDL/SEBI to restore pledges or compensate Lenders with interest at 10% p.a.; NSE filed civil appeal before SC and obtained stay on January 18, 2024 et seq.
Chennai Financial Markets & Accountability PIL dated February 12, 2025 before Madras HC: challenging SEBI Settlement Order dated October 4, 2024 concerning TAP/colocation software; seeks certiorari to quash the Settlement Order.
Part 1 of 15 — only the section covering 'Litigation against our Company' (criminal items 1–10, material civil items 1–18, and regulatory actions beginning at item 1) is reflected here. Remaining buckets (promoters, group companies, subsidiaries-specific counts, tax proceedings, total summary table) are in subsequent parts not provided. Amounts originally stated in ₹ million have been converted to ₹ crore (1 crore = 10 million). Aggregate 'other' for company bucket = 18 civil + at least 1 regulatory action visible; page cited is where the largest quantified figure (₹8,569.90 million compensation claim = ₹856.99 crore) appears. Directors bucket reflects 8 directors named as parties in the 8 Ramesh Chander Khanna criminal complaints; other director-naming in civil/regulatory matters exists but full count requires later parts. Grand total not stated in this excerpt.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
