The much-awaited NSE IPO has finally moved a step closer, and the numbers behind it are staggering. Based on estimates, the issue size could be around ₹28,000-32,000 crore, implying a potential price band of ₹1,900-2,000 per share. While investors are keenly watching the listing, the biggest winners could be NSE's long-term shareholders who bought shares at just a few paise decades ago. According to Pawan Nahar, Business Today, insurance giants such as New India Assurance and National Insurance Company could earn up to 6,400 times their original investment, while banks like State Bank of India and Bank of Baroda may also book massive gains through stake sales. Here's a breakdown of the implied IPO valuation, expected price band, and the biggest wealth creators from India's largest stock exchange listing.