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Jun 18, 20261
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NSE IPO Update Triggers Sharp Rally in Indian Stock Market
The National Stock Exchange's planned ₹30,000 crore IPO, India's largest ever, triggered sharp rallies in shares of major NSE stakeholders including New India Assurance (up 14.24%), LIC (up 4.71%), and GIC (up 2.37%). The IPO, pending SEBI approval of the draft prospectus, will see significant divestment from institutional shareholders including SBI, Bank of Baroda, and LIC.
Quick Facts
Who
National Stock Exchange (NSE)
What
NSE filed draft prospectus with SEBI for IPO
When
June 18, 2026
Where
India
- NSE filed draft prospectus with SEBI for IPO
- Stock market rally triggered by NSE IPO announcement
- Major stakeholders plan share divestment through IPO
- Broader market indices show weakness while NSE-related stocks surge
- National Stock Exchange (NSE)
India's stock market experienced a significant surge following updates about the National Stock Exchange (NSE) initial public offering, despite broader market indices showing weakness on Thursday. The NSE IPO, estimated at approximately ₹30,000 crore, is positioned to become India's largest public offering ever, surpassing previous record-holders LIC (₹21,008 crore) and Paytm (₹18,300 crore).
The IPO announcement sparked immediate rallies in shares of major NSE stakeholders. The New India Assurance Company's shares jumped 14.24% to reach ₹188.50 on the BSE, while Life Insurance Corporation (LIC), which holds the largest stake in NSE at 10.72%, saw its shares rise 4.71% to ₹437.85. GIC shares climbed 2.37% to ₹362, and SBI shares increased over 2% to touch ₹1,045. The rally reflected investor optimism about the exchange's public listing despite weakness in the broader Sensex and Nifty indices.
According to SEBI filings, several major shareholders plan to divest holdings through the IPO. SBI intends to sell 2,47,50,000 equity shares, Bank of Baroda 1,09,86,250 shares, GIC RI 1,06,58,000 shares, and New India Assurance 1,05,00,000 shares. Stock Holding Corporation of India plans to sell 10,890,000 shares. Other significant NSE shareholders include prominent investors Radhakishan Shivkishan Damani with 1.56% stake, Ramdev Ramgopal Agarwal, and Motilal Gopilal Oswal.
The NSE IPO represents a landmark moment for India's financial infrastructure, as the country's premier stock exchange itself goes public, allowing retail and institutional investors to acquire direct ownership stakes in the exchange operator.
Why This Matters
The NSE IPO represents a watershed moment for India's financial infrastructure, making the country's premier stock exchange publicly tradable for the first time. With a projected ₹30,000 crore valuation—India's largest IPO ever—this offering creates direct investment opportunities for retail and institutional investors in the exchange operator itself. The sharp rally in stakeholder shares signals strong market confidence in the listing, while the divestment by major institutional shareholders like SBI and LIC could reshape India's ownership structure of critical financial infrastructure and create significant liquidity and wealth reallocation effects across the financial services sector.
Timeline & Sources
Jun 18, 2026
WireNSE IPO update announced; draft prospectus filed with SEBI
Jun 18, 2026
WireNew India Assurance shares reach ₹188.50 (14.24% increase)
Jun 18, 2026
WireLIC shares reach ₹437.85 (4.71% increase)
Jun 18, 2026
WireSBI and other institutional shareholders announce planned divestment through IPO
Jun 18, 2026
WireMarket opens; stocks of major NSE stakeholders surge sharply
Entities
- Stock Holding Corporation of India Limited
- India
- Bank of Baroda (BoB)
- Radhakishan Shivkishan Damani
- Life Insurance Corporation (LIC)
- National Stock Exchange (NSE)
- Bombay Stock Exchange (BSE)
- Ramdev Ramgopal Agarwal
- New India Assurance Company Limited (NIACL)
- State Bank of India (SBI)
- Motilal Gopilal Oswal
- General Insurance Corporation (GIC)
- Securities and Exchange Board of India (SEBI)
- Dolly Khanna