NSE picks OFS route for IPO, board gives nod: 10 things to know

Stock exchange NSE's board on Friday formally cleared a key proposal to float an initial public offer (IPO) for the company. This marks a significant milestone in the bourse's much-awaited listing.

The development comes at a time when Dalal Street investors have eagerly awaited the bourse's proposed IPO. Currently, one of the country's two main stock exchanges, BSE, is listed on NSE.

Analysts say the proposed NSE IPO could become one of the largest in the country’s capital markets. Once the NSE listing goes through, existing listed bourses may attract reratings with traders anticipating a rotation of capital as the market rebalances, add some of them.

Add Zee Business as a Preferred Source

Here are 10 things to know about the development:

• The board has given the nod for an IPO through the offer for sale (OFS) route -- meaning no new equity will be issued in the issue.
• In other words, promoters and existing shareholders will trim their shareholdings in the offer, without issuing fresh equity.
• The board also cleared the proposal to form a committee to take the IPO process forward.
• IPO Committee members:
  • Tablesh Pandey (Chairperson)
  • Srinivas Injeti
  • Mamata Biswal
  • Justice (Retd.) Abhilasha Kumari
  • Prof. G Sivakumar
  • Ashishkumar Chauhan

ALSO READ | LIC likely to sell part of NSE holding through IPO, say sources

NSE Q3 FY26 Earnings | Key takeaways

NSE also reported its quarterly financial results on the same day.

The exchange registered a 15 per cent sequential increase in its net profit to Rs 2,408 crore for the quarter ended December 31. Its consolidated revenue increased 6.0 per cent to 4,395 crore, according to a press release.

Revenue from transaction charges, said the exchange, increased 9.0 per cent to Rs 3,033 crore, driven by a rise in volumes across the equity cash market and derivatives segments.

Revenue from data feed and terminal services stood at Rs 121 crores, up 5 per cent over the previous quarter.

It also said that revenue from listing services grew 25 per cent to Rs 111 crore.

The exchange's operating earnings before interest, taxes, depreciatio and amortisation (EBITDA) jumped 92 per cent to Rs 2,851 crore.