By Admin 
NSE IPO Latest Update: Investors in the Indian stock market have been eagerly waiting for the IPO of National Stock Exchange (NSE) for many days. Now an important progress has been seen in this direction. According to the information, the exchange has selected merchant bankers, registrars and legal advisors for the process related to this IPO.
This is indicating that activities regarding NSE listing may intensify in the coming time. Let us know about the latest update….
Team of 20 merchant bankers ready for IPO
Taking forward the preparations for its upcoming IPO, the National Stock Exchange has involved about 20 merchant bankers in the process. According to the information, institutions like Kotak Mahindra Capital, JM Financial, Axis Capital, ICICI Securities and SBI Capital Markets will handle important responsibilities related to this public issue. This clearly indicates that NSE is slowly moving towards its listing.
Registrar of NSE IPO
Technical and legal challenges are also considered to be one of the reasons for the delay in NSE listing. However, this time the exchange is ready for listing with full preparation. Help is being taken from experts who have understanding of the subject.
NSE has selected Mufag Intime India as registrar and firms like Redseer Strategy Consultants as consultants. Which will assist the exchange for successful listing.
IPO size expected to be big
There is a possibility of a big issue in the market regarding this IPO of the National Stock Exchange. It is expected that the size of this public issue may be between Rs 13,000 crore to Rs 21,000 crore.
This is why the exchange has involved many investment banks and advisors for this process. With this, this issue will be completely offered for sale. That means new shares will not be issued.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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