The National Stock Exchange of India (NSE) is preparing to launch one of the largest initial public offerings in recent market history, with formal marketing expected to commence as early as next week.
The bourse is targeting a September listing for the issue, which is structured as an offer-for-sale and aims to raise approximately $3 billion.
To manage the sale, NSE has appointed a book-running lead manager consortium comprising 20 banks.
This development marks a significant step in the long-anticipated public listing of India’s primary equity exchange.
The move follows a period of heightened activity in the Indian IPO market, where investor appetite for new issues has remained robust.
Recent examples include Knack Packaging, which fixed its price band at ₹161 to ₹170 per share and saw its issue subscribed 7.21 times by the second day of bidding.