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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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.

Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)

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