NSE Becomes 4th Largest in Global IPO Fundraising

The National Stock Exchange (NSE) has become the fourth biggest stock exchange in the world for IPO fundraising in the first half of 2025. This is according to a report by S&P Global Market Intelligence released on Monday.

Between January and June this year, companies raised $5.51 billion through IPOs on the NSE. This is about 8.9% of the total global IPO funds of $61.95 billion. The top three spots were taken by the Nasdaq Global Market, New York Stock Exchange (NYSE), and Nasdaq Global Select Market, which together raised $28.95 billion.

This strong performance has renewed interest in NSE’s own IPO. The Securities and Exchange Board of India (SEBI) Chairman, Tuhin Kanta Pandey, recently said there are “no obstacles” for NSE’s long-awaited public listing. However, he did not give a date.

NSE’s MD and CEO, Ashish Kumar Chauhan, said the exchange is waiting for a ‘No Objection Certificate’ (NOC) from SEBI. After getting it, NSE will prepare its Draft Red Herring Prospectus (DRHP) and submit it back to SEBI for approval.

The NSE IPO was delayed earlier due to old regulatory issues. But now, with SEBI’s comments and NSE’s preparations, the listing might finally happen soon. Meanwhile, SEBI is also making IPO rules stricter to protect investors and ensure more transparency.