NSE is said to invite investment banks to pitch for IPO: Report
Published on 26/02/2026 07:49 PM
NSE is said to invite investment banks to pitch for IPO: ReportNational Stock Exchange of India Ltd. is moving forward with its IPO, appointing Rothschild & Co. to oversee the process, according to people familiar with the matter.By Bloomberg February 26, 2026, 7:49:10 PM IST (Published)1 Min ReadNational Stock Exchange of India Ltd. has issued a request for proposals to investment banks, inviting them to pitch for roles on its long-awaited initial public offering, according to people familiar with the matter.
The exchange plans to select advisers by mid-March, according to some of the people, who asked not to be identified as the information is private.
A spokesperson for NSE said that the company’s board approved the IPO, without further comment.
NSE this month formed a committee and appointed Rothschild & Co. as an independent adviser to oversee the listing process. Rothschild is leading the selection of lead bankers, legal counsel and other intermediaries.
The move signals renewed momentum for what could rank among India’s largest ever share sales. The IPO had been stalled for several years amid regulatory and legal challenges. The exchange operates the world’s busiest derivatives market by number of contracts traded.
The planned share sale will be entirely an offer for sale, with existing shareholders expected to divest about 4% to 4.5% of the company’s equity, Bloomberg News has reported. Based on prices in the unlisted market, the IPO could raise approximately $2.5 billion.Continue Reading(Edited by : Sheersh Kapoor)Tagsinitial public offering IPONational Stock Exchange NSENSEshare market today