NSE finally goes public: Inside the landmark listing on rival BSE
NSE makes its landmark market debut on rival BSE at ₹1,800 after a ₹22,569-crore IPO, marking the end of a decade-long wait and a major moment for India's markets.
- Sep 24, 2026,
- Updated Sep 24, 2026 5:38 PM IST
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Rival's Stage
NSE has finally entered the listed-company club, but its first trading day came on the platform of its biggest rival, BSE. The exchange's shares debuted on BSE at ₹1,800, just above the ₹1,785 IPO price.
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The listing marks the end of NSE's unusually long journey to the public markets. Its ₹22,569-crore IPO followed years of regulatory hurdles and became India's second-largest public issue, adding another landmark to the exchange's history.
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Chauhan's Moment
NSE MD and CEO Ashishkumar Chauhan was among the key figures at the Mumbai listing ceremony. Speaking at the event, Chauhan described his role at NSE as the biggest honour of his career and thanked investors, Sebi and the government.
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BSE Connection
The ceremony brought together leaders from India's two major stock exchanges, with NSE chairman Srinivas Injeti, MD and CEO Ashishkumar Chauhan and BSE CEO Sundararaman Ramamurthy pictured together. The unusual setting captures the rivalry and connection between the country's two exchanges.
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Investor Rush
NSE's IPO attracted substantial demand before its debut, with the ₹22,569-crore issue subscribed 5.71 times. Qualified institutional buyers subscribed 12.68 times their allocation, while retail investors subscribed 1.39 times.