Global & Domestic Financial Institutions Back India’s Largest Stock Market Bourse

POSTED BY : ANAGHA SAKPAL DATED ON 16/09/2026 (9004379946) 

Mumbai : (RMN) National Stock Exchange of India Ltd, which is the largest stock exchange in India in terms of total turnover in cash market and total turnover in equityDERIVAT (based on notional turnover for equity options) from Fiscal 2001 to Fiscal 2026 and the three months period ended June 30, 2026, has garnered nearly Rs 6746.1 crore from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, September 17, 2026.

National Stock Exchange of India Ltd’s anchor book attracted participation from more than 150 marquee investors across geographies and investor categories, reflecting broad-based confidence in the business model, long-term growth strategy, and India’s expanding capital market / financial opportunity. The company informed the bourses that it allocated 37, 793, 739 equity shares at Rs 1,785 per share to anchor investors.

The anchor book saw participation from a distinguished set of long-term investors, including leading sovereign wealth funds, global asset managers, domestic and international mutual funds, insurance companies and alternative investment platforms. 

The participation of marquee institutions such as Life Insurance Corporation of India, Government Pension Fund Global, Monetary Authority of Singapore, Abu Dhabi Investment Authority – Monsoon, Fidelity Funds – India Focus Fund, SBI Life Insurance Co Ltd, Goldman Sachs Funds – Goldman Sachs Asia Equity Portfolio and HSBC Global Investment Funds – Indian Equity, amongst others, serves as a strong endorsement of NSE’s market leadership and long-term growth prospects. Amongst equity-oriented schemes, the company has allocated shares to SBI Banking & Financial Services Fund, ICICI Prudential Balanced Advantage Fund and HDFC Mutual Fund – HDFC Banking and Financial Services Fund.

Out of the total allocation of 37,793,739 equity shares to the anchor investors, 13,977,524 equity shares were allocated to 29 domestic mutual funds through 98 schemes. National Stock Exchange of India Ltd has fixed the price band of Rs 1,700 to Rs 1,785 per Equity Share of face value Re 1 /- each for its maiden initial public offer. 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, 17 September, 2026, for subscription and close on Monday, 21 September, 2026. The IPO comprises an offer-for-sale up to 126,436,650 equity shares by corporate selling shareholders – State Bank of India, Canada Pension Plan Investment Board, Aranda Investments (Mauritius) Pte Ltd, MS Strategic (Mauritius) Ltd, The New India Assurance Company Ltd, SBI Capital Markets Limited (SS), Bank of Baroda, Stock Holding Corporation of India Limited, General Insurance Corporation of India Limited, and United India Insurance Company Limited.

Investors can bid for a minimum of 8 Equity Shares and in multiples of 8 Equity Shares thereafter. Kotak Mahindra Capital Company, Morgan Stanley India Company Private Limited, HSBC Securities & Capital Markets India Private Limited, Anand Rathi Advisors Limited, Axis Capital Limited, Equirus Capital Limited, ICICI Securities Limited, IIFL Capital Services Limited, Nuvama Wealth Management Limited, 360 ONE WAM, JM Financial Ltd, Citi Global Markets India Private Limited, , JP Morgan India Private Limited, Avendus Capital Private Limited, DAM Capital Advisors Limited, HDFC Bank Limited, IDBI Capital Markets & Securities Limited, Motilal Oswal Investment Advisors Limited, and Pantomath Capital Advisors Private Limited are the book-running lead managers. MUFG Intime India Private Limited is the registrar to the issue. The equity shares are proposed to be listed on BSE.

Othe key aspects:

Other Key Points about the NSE anchor book subscription:

-NSE’s Anchor book size is nearly Rs 6,250 crore – Demand for shares in anchor is nearly Rs 1.2 lakh crore, (approx. 20 times the anchor book size) according to market sources

 

-NSE anchor demand has shown a strong interest from more than 150+ investors given the exclusive opportunity to participate in NSE IPO. NSE is a proxy to the “India Story”

 

-Foreign institutional demand was very strong with investors spread across geographies US, Europe & Asia and categories (sovereign wealth funds, regional long only and global mutual funds) participating with large numbers

 

-This strong support will help boost the foreign investment inflow into the country.More than 20 foreign long only funds are participating in the book. FPI are investing Rs 2883 crore or 43% of the total anchor book.

 

-Investors included large sovereign wealth funds like GIC Singapore, ADIA and Norges Bank among others

 

-In addition to the sovereign funds, marquee names like Fidelity, GSAM, Eastspring and HSBC GAM among others

 

-All the top MFs such as SBI Mutual fund, ICICI Prudential, HDFC MF, Nippon MF, Axis MF, Aditya Birla MF, Kotak MF, UTI MF, Mirae MF, Tata MF, Frankline Templeton MF, Edelweiss MF, HSBC MF, LIC MF, etc. Top 3 Insurance companies including LIC, HDFC Life, SBI Life and SBI General,  and leading pension funds contributed to the strong anchor demand.

-More than 25 large domestic mutual funds and 11 large domestic insurance / pension companies are investing around Rs 3588 crore which is 53% of the total anchor book.

-NSE is among the top 5 holdings of LIC. LIC, the largest shareholder at NSE currently holding 10.72% (which is larger than the offer size of NSE) is participating in anchor book through three of its entities – LIC, LIC Mutual Funds and LIC Pension funds by investing more than Rs 500 crores.

-SBI group which is selling 1% stake through SBI Bank and SBI Capital in NSE is also investing in NSE through its SBI Mutual fund, SBI General, SBI Life and SBI Pension is investing more than Rs 400 crores.

-Several existing investors added to their existing private investment which is testament to the future growth compounding opportunity that NSE represents.