Bank of Baroda is proposing to divest as much as 76.90 lakh fairness shares, representing 35% of its shareholding within the Nationwide Inventory Trade of India (NSE), by means of an Supply for Sale (OFS) as a part of the alternate’s proposed Preliminary Public Providing (IPO).
In an alternate submitting on Tuesday, September 8, the financial institution stated the proposed stake sale is topic to all relevant regulatory approvals.
“We advise that the Bank of Baroda is proposing to divest upto 76,90,375 equity shares, being equal to 35% of the shares held by the Financial institution in Nationwide Inventory Trade of India Restricted (NSE), by the use of Supply for Sale by means of Preliminary Public Providing, topic to all regulatory approvals,” the financial institution stated in its submitting.
As a part of the OFS course of, the fairness shares have been transferred to an escrow account on September 8, 2026. The sale is anticipated to be accomplished by the tip of September 2026, as indicated by NSE.
The consideration from the stake sale will likely be acquired after completion of the OFS course of. The transaction doesn’t represent a related-party transaction, in keeping with the submitting.
Financial institution of Baroda had acquired a dividend of ₹76.90 crore from NSE for FY26, in keeping with the disclosure.
NSE IPO timeline: Challenge might open on September 18, itemizing probably on September 25
Final week, the NSE acquired approval from market regulator Sebi to lift funds from Dalal Road buyers, probably making it the biggest-ever IPO within the Indian inventory market.
The difficulty is solely a suggestion on the market (OFS) of as much as 149 million fairness shares by current institutional shareholders, representing 6% of NSE’s paid-up capital being supplied to new buyers. No contemporary fairness capital will likely be issued as a part of the transaction.
Whereas the ultimate problem measurement and valuation will likely be decided later, market estimates counsel that the IPO measurement could possibly be round ₹30,000 crore, implying a market capitalisation of greater than ₹5 lakh crore. This may put NSE among the many prime 10 most precious firms by market capitalisation.
The difficulty is anticipated to open for public subscription on September 18 and record on September 25, sources instructed PTI. The worth band for the IPO is anticipated to be introduced on September 15, adopted by the anchor guide on September 17, the report stated, citing the sources.
The general public problem is prone to stay open on September 18, September 21, and September 22. There was no official announcement from the bourse on the problem calendar.
The proposed timeline has been mounted to make sure that NSE shares debut earlier than the 16-day lunar interval of ‘Pitru Paksha’ begins on September 26, as per the report.
Disclaimer: We advise buyers to verify with licensed specialists earlier than making any funding selections.
