The National Stock Exchange of India (NSE) plans to price its initial public offering (IPO) at approximately Rs 1,800 per share, according to sources cited by the Economic Times.

The exchange is expected to announce its price band on September 15, with the IPO likely to open for investors around September 18. Listing on the bourses may occur on or around September 25, subject to approval from the Securities and Exchange Board of India (Sebi), India's market regulator.

The offering marks a significant milestone for India's largest stock exchange, which has been seeking to go public for years. NSE first filed draft papers with Sebi for its listing in 2016, but the process was repeatedly delayed amid regulatory scrutiny, including questions over the co-location trading case and governance concerns raised by the regulator. The IPO is structured as a pure offer for sale by existing shareholders, meaning the exchange itself will not raise fresh capital from the issue.

The NSE, headquartered in Mumbai, is the world's largest derivatives exchange by contracts traded and operates India's benchmark Nifty 50 index. A listing near the proposed price would rank the IPO among the largest public offerings in the Indian market's history. The debut would also make NSE the second major Indian exchange to list after its smaller rival BSE, which went public in 2017 and whose shares have drawn significant investor interest since.

The planned debut follows years of regulatory delays and scrutiny, and would represent one of the most closely watched public issues in the Indian capital markets in recent years.

Source: Economic Times Markets