NSE files for India's largest-ever IPO, worth about $3.5 billion

India's National Stock Exchange filed its draft prospectus with SEBI on June 17, setting up what would be the country's biggest IPO at an estimated Rs 30,000 crore (~$3.5 billion). The issue is entirely an offer for sale — holders like LIC and SBI paring stakes — with no fresh capital raised. A listing is expected in late 2026 after SEBI's review.