New Delhi, March 30 (NationPress) The National Stock Exchange (NSE) has commenced the anticipated process for its initial public offering (IPO) by reaching out to current shareholders to assess their willingness to engage via the offer for sale (OFS) mechanism, as per insider information.

In a notification to investors, the exchange has requested expressions of interest (EOI) from shareholders who are considering selling part or all of their shares as part of the upcoming public offering. This represents a significant advancement in the NSE's public offering objectives, which have been deliberated for several years.

In addition to this initiative, the exchange has provided EOI forms and accompanying documents that detail the framework and terms for participation in the OFS. Shareholders who decide to take part will have the opportunity to tender their shares, either wholly or partially, in accordance with the outlined conditions.

Furthermore, investors are expected to submit their feedback by 5 p.m. on April 27, indicating their interest in joining the offering.

"As a shareholder, you have the option to tender your equity shares, either fully or partially, for sale in the IPO, following the terms and conditions specified in the OFS notice," the communication indicated.

This development reflects a revitalized drive in the NSE’s listing ambitions, with the exchange beginning to identify potential selling shareholders in preparation for the IPO.

Previously, the NSE appointed 20 merchant bankers to oversee the issue, marking the highest number of bankers involved in any public offering in India to date.

This roster includes prominent investment banks such as Kotak Mahindra Capital, SBI Capital Markets, JPMorgan, and Citigroup.

Additionally, the exchange has enlisted the services of eight law firms, featuring domestic entities like Cyril Amarchand Mangaldas and Trilegal, along with the US-based firm Latham & Watkins, among others. Other intermediaries include IPO services provider MUFG Intime and consulting firm Redseer.

Notably, the IPO of ICICI Prudential AMC in 2025 previously saw the involvement of the most bankers in an Indian public offering, with 18 bookrunners.

The exchange secured SEBI approval for its long-awaited IPO in January. "We are thrilled to have received SEBI's endorsement for our IPO—a crucial milestone in our growth trajectory. With SEBI’s approval, we are embarking on a new chapter of value creation for all stakeholders," stated NSE Chairperson Srinivas Injeti at that time.