NSE ipo update
The National Stock Exchange (NSE) is prepared to initiate its initial public offering (IPO) process, pending approval from the capital markets regulator Securities and Exchange Board of India (SEBI), as mentioned by chief executive officer (CEO) Ashishkumar Chauhan. As per a report by the news website Moneycontrol, Chauhan stated that once the market regulator gains greater confidence in NSE’s operations, the exchange will have the opportunity to re-submit its application to launch its IPO.
In December 2016, NSE submitted preliminary documents to Sebi for its IPO, with an anticipated initial share sale to generate Rs 10,000 crore. Existing shareholders aimed to divest 22 percent of shares to the public through the Offer-for-Sale (OFS) route. The exchange’s listing has faced repeated delays over the years due to alleged corporate governance issues, including the involvement of former executives in the 2015 co-location scam. In 2020, Vikram Limaye, then MD and CEO of NSE, informed PTI that they had approached Sebi for IPO approval, and subsequent steps would involve selecting merchant bankers to aid in drafting IPO prospectuses.
