The initial public offering (IPO) of the National Stock Exchange of India (NSE) has opened for subscription. NSE is the country's largest stock exchange by total turnover across the cash market and equity derivatives segments.

The IPO aims to raise up to Rs 22,569 crore through an offer for sale (OFS). Because the offering is entirely an OFS, the proceeds will go to existing shareholders offering their shares, and NSE itself will not receive any funds from the issue.

The public offering marks a major step for the exchange after its plans to list remained stalled for almost a decade. The delay was linked to regulatory hurdles, including issues arising from the co-location controversy.

The exchange is positioned to benefit from increasing retail participation in the capital markets.