NSE’s unlisted shares have witnessed strong traction, especially after the exchange’s MD hinted at progress in the IPO process earlier this year. The stock has gained nearly 7% over the last six months and is currently trading above Rs 2,000 per share in the unlisted market. NSE’s shareholder base has also expanded significantly, crossing 2.2 lakh shareholders recently.

Financially, the exchange posted strong Q4FY26 results, reporting an 8% rise in consolidated net profit to Rs 2,871 crore, while revenue from operations jumped 32% year-on-year to Rs 4,968 crore. EBITDA also surged sharply, reflecting robust business growth. The board has recommended a dividend of Rs 35 per share for FY26.To steer the IPO process, NSE has appointed Rothschild & Co as an independent advisor. The IPO is expected to value NSE at nearly $55 billion, making it one of India’s biggest anticipated listings alongside Reliance Jio Platforms.