By Admin 
NSE IPO: Big news is coming out regarding the IPO of National Stock Exchange (NSE). The exchange has taken a big step towards public listing. NSE Chief Ashish Chauhan says, NSE can appoint merchant bankers for its IPO in March. Discussions regarding NSE’s IPO have been going on for almost a decade. However, it has been repeatedly delayed due to regulatory scrutiny and legal challenges.
Role of merchant bankers for IPO
It is being told that as soon as the appointment is made, the merchant banker will start preparing the necessary documents for regulatory filing. Then the approval process will be coordinated with the Securities and Exchange Board of India.
Let us tell you that earlier in February, SEBI has given NOC for IPO. Let us tell you that the role of merchant bankers is very important in the process of bringing IPO. They are responsible for preparing DRHP (Draft Red Herring Prospectus) and filing it with SEBI. Merchant bankers also decide the valuation and price range for IPO.
OFS will be NSE’s IPO
NSE’s IPO will be completely offer-for-sale (OFS), in which existing shareholders can sell their stake in NSE up to about 4-4.5 percent. Based on the prices in the unlisted market, about $ 2.5 billion or about Rs 22,700 crore can be raised from its public listing. Let us tell you that NSE shares are currently being traded in the unlisted or gray market, which is witnessing a rise in the last few months.
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