News Details

SEBI clears NSE IPO

• The market regulator Securities and Exchange Board of India (SEBI) has cleared the long-awaited initial public offering (IPO) of the National Stock Exchange (NSE), with the market regulator issuing its observation letter to the exchange on September 4.
• The issue is expected to be worth around ₹30,000 Cr, potentially valuing NSE at over ₹5 lakh Cr.
• The public issue will be an Offer for Sale (OFS) of 14.89 Cr shares, with existing shareholders collectively divesting nearly 6% stake in NSE.
• Among the major selling shareholders, SBI will offload up to 2.48 Cr shares, while MS Strategic (Mauritius) Ltd. will sell 1.60 Cr shares.
• The exchange is likely to launch the public issue and list its shares on the BSE later this month, subject to completion of the remaining regulatory and procedural steps.  Market sources have indicated that RHP filing can be done by Tuesday, price band is likely to be announced on September 11 and issue opening a week later likely on September 11. The tentative listing under consideration is on September 25th.

Source: https://timesofindia.indiatimes.com/business/india-business/nse-ipo-could-be-worth-rs-30000-crore-after-sebi-gives-green-signal/articleshow/133762310.cms