Story perspectives

NSE launches $2.35B IPO, priced at 1,700-1,785 rupees

By Drooid · Sep 17, 2026, 4:30 PM UTC · How we work

Summary

Story summary

India’s National Stock Exchange is launching its first public share offering, a mega IPO.
The IPO aims to raise up to 225.69 bn rupees ($2.35 bn), the second-largest Indian share sale.
Shares are priced between 1,700 and 1,785 rupees each.
The NSE will not receive any proceeds from the offering.
State Bank of India cut its stake, prompting the NSE to trim the offer by 15%.

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Story summary

India’s National Stock Exchange is launching its first public share offering, a mega IPO.
The IPO aims to raise up to 225.69 bn rupees ($2.35 bn), the second-largest Indian share sale.
Shares are priced between 1,700 and 1,785 rupees each.
The NSE will not receive any proceeds from the offering.
State Bank of India cut its stake, prompting the NSE to trim the offer by 15%.