The development signals renewed momentum in NSE’s listing plans, with the exchange beginning the process of identifying selling shareholders ahead of the public issue
Based on an expected deal size of about $2.5 billion, the total fee pool could be about $16.25 million, with the bulk likely to be shared among the six lead banks, said the report
As per NSE officials after the appointment of the merchant bankers it will take 3-4 months in preparation of DRHP.
With the appointment of 20 i-banks, NSE is set to become the issuer with the highest number of book running lead managers for a mainboard IPO in the history of India Inc. The previous record was held by ICICI Prudential AMC in 2025, which had picked 18 i-banks for its IPO.
The issue will be an offer for sale by existing shareholders of the bourse. The IPO Committee had selected Rothschild as an independent advisor to oversee the IPO process
The exchange may target the filing of the DRHP by March-end, based on the September quarter audited numbers.
State Bank of India Ltd. and SBI Capital Markets Ltd. are also likely to participate as sellers in the long-awaited IPO
Exchanges will feel the pain, but the discount brokers who are heavily reliant on retail F&O volumes will be hit hard
IFCI's effective stake in NSE through SHCIL is valued at around Rs 13,000 crore
NSE CEO Ashish Chauhan said Sebi’s signal on the long-awaited NSE IPO, which came during his Tirupati visit, felt like a divinely timed moment.
NSE IPO: The exchange had first filed its draft IPO papers in 2016.
Merchant bankers act as a guide to companies to file the IPO papers with Sebi. Acting as a merchant banker for a major issue has reputational advantage, hence most bankers are keen to be associated with the process.
As per sources, SEBI and NSE are in talks to finalize the terms for settlement. Once the terms are agreed then the formal process will start.
Last week, Pandey exuded confidence that all outstanding issues in the IPO will be resolved soon
Wealthy investors and institutions anticipating an initial public offering as early this year have been buying the unlisted shares aggressively
NSE filed its IPO prospectus in December 2016. Shares of the exchange are one of the most actively traded in the unlisted space
Tuhin Kanta Pandey added that measures to tighten the SME IPO regulation were taken, and if they require a relook, the capital market regulator will revisit them, in consultation with the industry.
NSE has streamlined its share transfer process, eliminating the two-step approval system and reducing the timeline from months to days.
The Mumbai-based National Stock Exchange outranked the bigger U.S. exchanges in the amounts raised by IPOs for the first time, driven by India’s robust economic growth and increasingly active domestic investors, following the rush of IPOs in 2024.
Unlisted shares in the world’s largest derivative exchange by contracts are in high demand with wealth managers whose rich clients want to own a piece of the company, said the people, asking not to be identified citing private information.
While NSE shares are unlisted, they have been seeing a lot of interest from wealth management firms and high net worth individuals over the last 2-3 years
The new CEO is trying to revive the BSE that has long played distant second fiddle to the NSE
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