NSE set to kick off $3B IPO marketing next week

NSE set to kick off $3B IPO marketing next week

The National Stock Exchange of India (NSE), the world's largest derivatives exchange by trading volume, is gearing up for a major milestone.

According to Bloomberg, the NSE will start formal marketing for its initial public offering (IPO) as early as next week.

This move marks a significant step toward what could be one of India's biggest public issues ever.

IPO details subject to change

As part of its marketing campaign, the NSE plans to hold investor roadshows in the US, London, Singapore, Hong Kong, the Middle East, and India.

The exchange is eyeing a September listing and is currently working with investment banks on its final marketing strategy.

However, these plans are still under discussion and details such as the size of the IPO, valuation and timeline could change.

Potentially India's largest IPO

The NSE is currently valued at over ₹5.25 trillion (approximately $55.1 billion) in the gray market, according to data from unlisted-stock trading platform UnlistedZone.com.

At this valuation, the proposed stake sale could raise nearly ₹306 billion, potentially surpassing Hyundai Motor India's 2024 listing of ₹278.7 billion, the largest IPO in India so far.