The wait for the much anticipated NSE IPO may not be very long now. The country’s largest exchange may make its debut on Dalal Street soon. NSE has appointed financial advisor Rothschild as an independent advisor to oversee its IPO process.
In a statement on the appointment, NSE said, “The IPO Committee has selected Rothschild as an Independent advisor to oversee the IPO process, after meeting various agencies based on technical and commercial proposals.”
NSE IPO: Role and responsibilities of the Rothschild
Under the scope of work, Rothschild will ensure a clear, transparent driven process for the bourse’s IPO. The financial advisor will appoint the book-running lead managers, handle legal counsels, and also coordinate other intermediaries for NSE IPO.
Other key responsibilities for Rothschild include,developing an objective evaluation framework, defining clear selection criteria, and managing all stages of the selection process—from documentation and clarifications to back‑off coordination and consolidation of evaluation feedback of internal stakeholders, NSE’s statement read.
NSE IPO: Board clears long-pending IPO plan
On February 6, the NSE board approved plans to move ahead with its long-pending IPO. The proposed issue will be an offer for sale, which means that existing shareholders will offload their holdings.
“Considered and approved undertaking an initial public offering (IPO) through an offer for sale by existing shareholders of the company (OFS), for the listing of the equity shares of face value of Re 1 each of the company.” NSE said in a statement,
NSE is yet to officially announce the details for the IPO’s timeline and issue size. According to Bloomberg, The size of the IPO is expected to be around $2.5 billion (Rs 22,500 crore), with existing shareholders looking to sell between 4% and 4.5%.
Last week, the board had also approved the reconstitution of the IPO Committee which has Tablesh Pandey – Chairperson (Non-Independent Director), Srinivas Injeti – Member (Public Interest Director), Mamata Biswal – Member (Public Interest Director), Abhilasha Kumari – Member (Public Interest Director), G. Sivakumar – Member (Public Interest Director), and Ashishkumar Chauhan – Member (Managing Director & CEO).
NSE Q3FY26 Result
For the December quarter of financial year 2026 (Q3FY26), the exchange reported a consolidated profit after tax of Rs 2,408 crore. This is lower than the Rs 3,834 crore posted in the same quarter last year.
Revenue from operations fell 9% year-on-year to Rs 3,925 crore from Rs 4,349 crore. However, on a sequential basis, profit rose 15% compared to Rs 2,098 crore in the previous quarter. Total income for the quarter stood at Rs 4,395 crore, down 9% from a year ago but 6% higher quarter-on-quarter.