PSUs Reap Big Rewards: SBI and Government Entities Gain Substantial Returns from India’s Second Largest IPO on the NSE!

The National Stock Exchange (NSE) has made a significant entrance into the Indian IPO market with its much-anticipated listing. The IPO, priced at Rs 1,785 per share, was entirely an offer for sale (OFS) and garnered a total amount of Rs 22,561.57 crore. Over 23 shareholders participated, including 10 public-sector units (PSUs) like State Bank of India (SBI) and The New India Assurance Company. The offering opened for subscription from September 17 to September 21, 2026, and the shares commenced trading on the BSE, debuting at Rs 1,800—a slight premium over the IPO price.

In the grey market, the sentiment surrounding NSE’s listing seems positive, as the shares premium at debut indicates strong demand. The 10 PSUs could collectively realize profits close to Rs 12,802 crore if they sell their shares at the maximum offered price. Notably, SBI is positioned to gain the most, potentially earning around Rs 2,850 crore from its share sale. This robust financial backdrop reflects confidence in the exchange’s operational capabilities and market positioning, likely influencing the sentiments of retail investors.

The listing of NSE bolsters the Indian equity market by bringing a prominent player to its ranks, and with a market capitalization of Rs 4.63 lakh crore, it is now the ninth-largest listed company in India, surpassing notable firms such as HUL and Sun Pharmaceuticals. For retail investors, this IPO could signify a reliable investment opportunity within the public-sector framework. Investing in NSE shares might harbor a well-calculated risk-return profile, with potential for future capital appreciation as the company strengthens its market presence.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)