NSE files DRHP for IPO with SEBI - Indian IPO Blog

Wednesday, December 28, 2016

NSE files DRHP for IPO with SEBI

The National Stock Exchange (NSE) today filed Draft Red Herring Prospectus (DRHP) with SEBI for its much-awaited IPO. The IPO is on the verge of becoming one of the biggest IPO in recent times. The deadline for filing the DRHP with SEBI was January 31, 2017

The estimated size of the IPO is a massive Rs.10,000 crores. The offer would constitute offloading around 20-25 percent by the existing shareholders. The key domestic investors include Life Insurance Corporation of India, State Bank of India, IFCI Limited IDFC Limited and Stock Holding Corporation of India Limited. And the key global investors are Gagil FDI Limited, GS Strategic Investments Limited, SAIF II SE Investments Mauritius Limited, Aranda Investments (Mauritius) PTE Limited and PI Opportunities Fund

The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai.NSE was established in 1992 as the first demutualized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country.

NSE was set up by a group of leading Indian financial institutions at the behest of the government of India to bring transparency to the Indian capital market. Based on the recommendations laid out by the government committee, NSE has been established with a diversified shareholding comprising domestic and global investors.

The dates of opening IPO and other details are not yet declared. Stay tuned to Indian IPO Blog for more on NSE IPO

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