The National Stock Exchange (NSE) Initial Public Offering or IPO, one of the most anticipated IPOs in India, is expected to get a green signal from the Sebi soon. NSE dominates India’s stock market landscape as the premier exchange, commanding the highest trading volumes and revenue.It handles the majority of equity derivatives and maintains a near monopoly across various market segments.The Securities and Exchange Board of India chief Tuhin Kanta Pandey said on Thursday that outstanding issues are likely to be resolved soon. This would pave the way for the country’s most-anticipated IPO.“All I can say is that all the outstanding issues will be resolved and we will move forward. I can’t give you a timeline, but I think we should soon be doing it,” Pandey said.NSE in numbersIn 2024, NSE achieved a valuation of Rs 4.7 lakh crore, surpassing Serum Institute of India to become the highest-valued unlisted company in the country. In fact, NSE is one of the top 10 stock exchanges by market capitalization in the world.NSE’s initial public offering has been pending since 2016, whilst its competitor BSE became publicly listed in 2017. Its recent application submitted in March for obtaining regulatory clearance remains under review.NSE and BSE both maintain substantial investor bases. As of May 2025, NSE recorded roughly 22.3 crore total investor accounts.NSE maintains leadership in equity and derivative segments with over 11.3 crore registered investors and comprehensive geographical presence, holding an 87.4% market share in equity options.NSE recently achieved a notable distinction – surpassing 1 lakh shareholders, establishing itself as India’s most broadly held unlisted company. This achievement is noteworthy, as many listed companies in India have not attained such extensive shareholder participation. NSE also has a history of giving dividends.The organisation’s strong financial performance is a key factor in attracting investors.The exchange’s operational excellence is reflected in its 74% EBITDA margin and 45% return on equity, which investors find appealing. Its net profit in FY25 increased by 47% year-on-year to Rs 12,187 crore, whilst total income grew by 17% to Rs 19,177 crore. The company demonstrated improved operational efficiency through enhanced EBITDA and PAT margins during this period.
