NSE begins IPO process, seeks shareholder interest for OFS participation

The National Stock Exchange of India (NSE) has initiated its initial public offering (IPO) process by inviting expressions of interest (EOI) from existing shareholders for participation in the offer for sale (OFS).

In an email to investors, the exchange asked shareholders to indicate their willingness to offload part or all of their holdings as part of the proposed IPO. EOI forms and annexures outlining the framework and conditions have been shared.

Shareholders have been given time till April 27, 5 pm, to respond.

“In your capacity as a shareholder, you may choose to tender equity shares held by you in part or in full for sale in the IPO, subject to the terms and conditions set out in the OFS notice,” the exchange said.

The move marks the formal start of NSE’s long-pending listing process, with the exchange beginning to identify potential selling shareholders.

Earlier this month, NSE appointed 20 merchant bankers to manage the issue — the highest ever for an Indian IPO — including Kotak Mahindra Capital, SBI Capital Markets, JPMorgan and Citigroup.

It has also appointed eight law firms, including Cyril Amarchand Mangaldas, Trilegal and Latham & Watkins, along with other intermediaries such as MUFG Intime and Redseer.

Published on March 30, 2026