NSE IPO Status News: The IPO of the National Stock Exchange of India (NSE) has gained momentum as the exchange has started preparations for the listing of its shares. According to a Mint report, NSE has begun meeting with the bankers.
The Mint report said that NSE had met investment bankers earlier this week. The agenda of the meeting was to start the process for drafting the offer document, which will be submitted to the SEBI.
NSE IPO Status: Listing Timeline
NSE and investment bankers are also believed to have outlined a tentative timeline for the listing of shares, according to the Mint report.
The development assumes significance as NSE has already secured NoC from SEBI to go ahead with the IPO plan.
NSE IPO Status: Investment Bankers
Earlier in March, NSE had appointed 20 merchant bankers to manage its IPO. The 20 merchant bankers appointed include Kotak Mahindra Capital Company, JM Financial, Axis Capital, IIFL Capital Services, Motilal Oswal Investment Advisors, ICICI Securities, SBI Capital Markets, Nuvama Wealth Management, HDFC Bank, Avendus Capital, Morgan Stanley India Company, Citigroup Global Markets India, J.P. Morgan India, HSBC Securities and Capital Markets (India), IDBI Capital Markets & Securities, 360 ONE WAM, Anand Rathi Advisors, DAM Capital Advisors, Pantomath Capital Advisors and Equirus Capital.
Additionally, NSE has appointed eight law firms for the issue. They are: Cyril Amarchand Mangaldas, Khaitan & Co, Latham & Watkins LLP, Sidley Austin Singapore Pte. Ltd., AZB & Partners, S&R Associates, Shardul Amarchand Mangaldas & Co and Trilegal.
NSE IPO Status: Registrar
NSE has appointed MUFG Intime India as the registrar for its IPO.
NSE IPO will consist entirely of an offer-for-sale (OFS) by existing shareholders. NS IPO will have no fresh issue.
NSE shares will list on the BSE Limited.
