India's largest equity derivatives exchange, the National Stock Exchange of India Limited (NSE), is gearing up for its long-awaited initial public offering (IPO). This news has spurred a significant surge in the price of NSE's unlisted shares. In just five trading days, NSE share prices jumped by 53%, currently trading at ₹2,300 per share. Based on the current valuation, NSE's market capitalization has reached ₹5.70 lakh crore.
SEBI Chairman's Statement on the IPO
Tuhin Kant Pandey, Chairman of the Securities and Exchange Board of India (SEBI), provided a major update regarding the NSE IPO. He stated that all pending issues related to the NSE IPO have been resolved, and the IPO is expected soon. In a statement on May 22nd, Pandey mentioned that the NSE IPO is one of India's largest and most anticipated IPOs. While he didn't provide a specific date, he indicated that the process of bringing the NSE IPO to market will be expedited after receiving SEBI's approval.
NSE's Market Position
NSE is not only India's largest stock exchange but also holds a b global presence. Its valuation in the private market is estimated at approximately $60 billion. In 2024, NSE held an 81.7% share of the global derivatives market. Based on trading volume, NSE is the world's second-largest stock exchange. Its dominance in India is even ber – as of March 31, 2025, NSE holds a 93.6% market share in the equity cash segment and a 99.9% market share in the equity futures segment.
In terms of financial performance, NSE reported revenue of ₹17,141 crore in FY24, reflecting a year-on-year growth of 16%. The company's net profit increased by 47% to ₹12,188 crore.
When Can We Expect the NSE IPO?
According to business reports, after receiving SEBI's approval, it may take approximately six months for NSE to launch its IPO. It's noteworthy that NSE filed its IPO prospectus in December 2016, and now, with the NOC from SEBI, the IPO process is being expedited.
