The National Stock Exchange of India is set to appoint merchant bankers in March 2026 for its long-delayed IPO. The move signals renewed momentum after years of regulatory hurdles, with the exchange targeting a $2.5 billion share sale. This step marks a critical milestone in India’s capital market history.
India’s National Stock Exchange (NSE) is moving closer to its long-awaited public listing, with Chief Ashish Chauhan confirming that merchant bankers will be appointed in March 2026 to steer the IPO process. India’s largest stock exchange is preparing to take a decisive step toward its initial public offering, paving the way for what could be one of the biggest equity listings in the country.
The IPO, expected to raise approximately $2.5 billion (₹22,700 crore), has faced repeated delays due to regulatory and governance challenges. With this announcement, NSE is signaling renewed confidence in its listing roadmap, which has been under discussion for several years.
Key Highlights
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NSE aims to finalize merchant banker appointments by March 2026
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The IPO size is projected at $2.5 billion, making it one of India’s largest share sales
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The offering will be a pure offer-for-sale by existing investors
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The listing plan had been stalled for years due to regulatory and legal hurdles
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Appointment of advisers marks a critical milestone toward public listing
The move is expected to boost investor confidence and strengthen India’s position in global capital markets, as NSE’s listing has been one of the most anticipated events in the financial sector.
Sources: The Economic Times, ET Now, TechStory