NSE IPO Decoded | Management On Growth, Revenue & New Opportunities

India’s benchmark exchange makes history with its landmark ₹22,562 crore public offering. In this exclusive conversation, Sriram Krishnan, Chief Business Development Officer at the National Stock Exchange (NSE), sits down with Sakshi Batra of Business Today Television to decode the historic debut.

With the anchor book seeing massive demand approaching ₹1.2 lakh crore - oversubscribed nearly 20 times - Krishnan addresses investor questions around premium valuations compared to global peers, revenue concentration in index options, and the recent dip in FY26 profitability. He outlines NSE’s strategic roadmap to diversify beyond derivatives through commodities, Electronic Gold Receipts (EGR), and corporate bond derivatives, while detailing how structural domestic SIP flows and market digitization underpin the exchange's secular long-term growth trajectory.