The National Stock Exchange of India (NSE) has submitted preliminary documents for an initial public offering (IPO) expected to be the largest in Indian history, potentially raising over Rs 30,000 crore (approximately $3.6 billion). The draft red herring prospectus (DRHP) was filed on Wednesday, initiating the process for the exchange to list itself. Details regarding the offer size, price band, and allocation will be revealed following SEBI’s review. This move marks a significant step for the NSE, which currently operates as a demutualized exchange owned by a group of brokers. The IPO is anticipated to provide an exit opportunity for existing shareholders and attract new investment into the exchange. The listing is expected to enhance transparency and corporate governance standards within the NSE. Further updates will be provided as the regulatory approval process progresses.