NSE raises $700M from anchor investors ahead of India's biggest IPO
What's the deal? The National Stock Exchange of India (NSE)Dealroom has a profile for this one. Try Dealroom → has raised Rs 6,746.18 crore ($700 million) from anchor investors ahead of its initial public offering. The exchange allocated 37,793,739 shares at Rs 1,785 apiece, drawing more than 150 investors.
Why now? The IPO opens for public subscription on September 17 and closes September 21, 2026, with a price band of Rs 1,700 to Rs 1,785 per share. It is expected to raise around Rs 22,562 crore.
Who's buying? Foreign portfolio investors put in roughly Rs 2,883 crore, nearly 43% of the anchor book, spanning the US, Europe, and Asia. Marquee names included GIC Singapore, the Abu Dhabi Investment AuthorityDealroom has a profile for this one. Try Dealroom →, Norges BankDealroom has a profile for this one. Try Dealroom →, FidelityDealroom has a profile for this one. Try Dealroom →, Goldman Sachs Asset Management, EastspringDealroom has a profile for this one. Try Dealroom →, and HSBC Global Asset Management.
Who's buying? Domestic institutions invested around Rs 3,588 crore, about 53% of the book. More than 25 mutual funds and 11 insurers and pension companies took part, including SBI Mutual FundDealroom has a profile for this one. Try Dealroom →, ICICI PrudentialDealroom has a profile for this one. Try Dealroom →, HDFC Mutual FundDealroom has a profile for this one. Try Dealroom →, KotakDealroom has a profile for this one. Try Dealroom →, Franklin TempletonDealroom has a profile for this one. Try Dealroom →, and Edelweiss.
What's the endgame? The offering is an offer for sale, so proceeds go to existing shareholders rather than the exchange. Life Insurance Corporation of India, which holds a 10.72% stake in NSE, participated through three entities — LIC, LIC Mutual Fund, and LIC Pension Fund — investing more than Rs 500 crore combined.
The signal: The breadth of demand, split roughly evenly between foreign and domestic institutions, points to strong appetite for one of India's most closely watched listings — a rare chance to buy directly into the country's dominant equities marketplace.
Read more: etnownews.com
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