NSE IPO: NSE shares not to trade on its own platform? No application filed with SEBI to trade own shares, says CEO

The NSE IPO, set to open on September 17, 2026, and close on September 21, 2026, will not trade its shares on its own platform, contrary to earlier reports. According to NSE managing director and CEO Ashishkumar Chauhan, the exchange has not filed an application with SEBI to trade its shares on its own platform. The IPO is expected to raise ₹ 21,494-22,569 crore, significantly lower than the earlier estimate of around ₹ 30,000 crore. The exchange has cut the offer size by 15% to 12.64 crore equity shares, and the book build issue will be available at a price band of ₹ 1,700 to ₹ 1,785. The IPO is the country's second-largest after Hyundai Motor India's ₹ 27,870 crore IPO in 2024, and it will surpass the ₹ 21,000 crore LIC IPO launched in 2022. Several banks and financial institutions are selling shares in the OFS, including SBI, MS Strategic, and Canada Pension Plan Investment Board. The NSE IPO listing date is expected to be around September 24, 2026. The exchange has not applied to SEBI to trade its shares on its own platform, despite the opportunity to do so.