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IPO: NSE invites proposals from i-banks
The Morning Standard
|February 27, 2026
THE National Stock Exchange (NSE) has floated requests for proposals (RFPs) to nearly two dozen investment banks and about 10 law firms as it revives plans for its long-delayed $2.5-billion initial public offering (IPO).
India’s largest stock exchange, currently valued at over Rs 5.5 lakh crore based on the prevailing price of its unlisted shares in the grey market, has been attempting to go public since early 2016. However, regulatory scrutiny by the Securities and Exchange Board of India (Sebi) — particularly over the co-location and dark fibre cases — had stalled the process.
This story is from the February 27, 2026 edition of The Morning Standard.
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