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NSE to freeze ISIN from September 11 ahead of IPO
The exchange says NSE shares must remain unencumbered, with no transfers allowed during the freeze period without corporate action, and pre-IPO holders face legal lock-ins.
The National Stock Exchange of India will begin freezing its ISIN in the depository system from Friday, September 11, 2026, as part of the procedural requirements for its proposed IPO, LiveMint Markets reported.
In a notification to shareholders, NSE said its ISIN, INE721I01024, will remain frozen until listing and trading of NSE equity shares begin. The exchange also warned that during the freeze period, no transfers, including off-market transactions, will be permitted without the corresponding corporate action and supporting documentation.
NSE further said the IPO process requires its equity shares to be unencumbered and free from pledges, asking shareholders to refrain from creating any pledges from September 11 until the date of listing. It added that, in accordance with applicable law, equity shares held by pre-IPO shareholders will be subject to a lock-in, starting from the IPO allotment date and continuing for the period prescribed.
For the offering, LiveMint Markets said Indian Bank plans to sell up to 15 lakh NSE shares through an Offer for Sale, representing 17.9% of its holding, with completion expected by the end of September subject to IPO and regulatory approvals. Other shareholders are also preparing stake reductions, including New India Assurance, which plans to divest 1.05 crore shares (29.8% of its holding), and Bank of Baroda, which is looking to sell up to 76.90 lakh shares (35% of its NSE stake).