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Listen to this article in summarized format The nearly Rs 30,000-crore initial public offering (IPO) of the National Stock Exchange is likely to open for public subscription on September 18, and list on September 25, sources said on Tuesday. The price band for the IPO is expected to be announced on September 15, followed by the anchor book on September 17, they said. The public issue is likely to remain open on September 18, September 21 and September 22. There is no official announcement on this issue calendar by the bourse. The issue, which could raise around Rs 30,000 crore, is set to surpass Hyundai Motor India's Rs 27,870-crore offering in 2024 to become India's largest IPO, the sources said. The IPO will comprise an offer for sale (OFS) of up to 148.9 million equity shares of face value Rs 1 each, representing nearly 6 per cent of NSE's paid-up equity capital. There will be no fresh issue of shares, meaning the exchange itself will not receive any proceeds from the offering, they said. The proposed timeline has so been fixed to ensure that NSE shares debut before the 16-day lunar period ‘Pitru Paksha’ begins on September 26, they said. The IPO has been in the works for nearly a decade and received crucial regulatory clearance from Sebi earlier this month, paving the way for the exchange's long-awaited market debut, the sources said. NSE is India's largest stock exchange by trading activity and operates the benchmark Nifty 50 index. It is also the world's most active derivatives exchange in terms of the number of contracts traded. According to reports, Bank of Baroda is likely to divest 35% of its holding in NSE or 76,90,375 shares via the IPO. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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