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The proposed share sale by existing stakeholders could amount to around 5% of the exchange's paid-up capital, compared with approximately 6% planned earlier, while the price band could be around ₹1,750, the people said. Shares of NSE were trading at ₹2,045 in the unlisted markets on Tuesday evening, as per data from unlistedzone.com. NSE is aiming to launch the IPO in the third week of September and list in the fourth week, people familiar with the development said. The exchange received Sebi's consent to go ahead with the IPO on Sep 4. "NSE wants to wrap up the entire process before the start of the Shradh (Pitru Paksha) period," said a person in the know. "The launch is therefore likely to take place in the third week of September, with the issue expected to open for anchor investors on September 17." During Pitru Paksha, which begins on September 26, many investors and businesses have traditionally avoided new launches, ventures and major purchases. Read more: IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closer NSE shares will be listed on the platform of its older rival, the BSE. An email sent to the NSE did not elicit any response. It could not be ascertained which shareholders would sell fewer shares if NSE decides to reduce the IPO size. State Bank of India, MS Strategic (Mauritius), Canada Pension Plan Investment Board, Aranda Investments (Mauritius), Bank of Baroda and Stock Holding Corporation of India are among the shareholders proposing to sell a portion of their stakes in the IPO. The exchange had posted a consolidated profit after tax of ₹3,120 crore for the June quarter, up 8.7% from ₹2,871 crore in January-March. Consolidated revenue from operations declined 8.2% to ₹4,560 crore from the previous quarter. Its consolidated profit after tax went up 7% and consolidated revenue from operations increased by 13% from the same period a year ago. (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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