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NSE Wins SEBI Approval, Targets India’s Biggest-Ever IPO Listing
India’s biggest stock exchange, NSE, has received permission to sell shares to the public.
This sale is called an IPO.
The IPO could be worth about Rs 30,000 crore.
NSE first tried to list its shares around ten years ago.
It filed its latest IPO papers in June.
The regulator’s approval removes an important step before listing.
Reports say the price range could be announced on September 15.
The shares could begin trading during the week starting September 21, although these dates were attributed to unnamed sources.
India’s market regulator has approved the National Stock Exchange’s estimated Rs 30,000 crore IPO.
The approval came more than two months after NSE filed its IPO papers.
NSE first attempted to enter the primary market about a decade ago.
Reports said the exchange could list as soon as September.
The price band may be announced on September 15, with listing planned for the week beginning September 21, according to Reuters-cited sources.
- Who
- The National Stock Exchange and India’s securities regulator, SEBI.
- What
- SEBI approved NSE’s estimated Rs 30,000 crore initial public offering.
- Where
- India’s stock market.
- When
- Approval came more than two months after NSE filed its papers in June; reports cited September 15 for the price band and the week beginning September 21 for listing.
- Why
- The approval clears a key regulatory hurdle for NSE’s proposed public listing.
Key facts
- Estimated IPO size
- Rs 30,000 crore
- Regulatory approval
- Granted by SEBI
- IPO filing
- Filed in June
- Earlier listing attempt
- NSE first tried to enter the primary market about a decade ago
- Possible price-band announcement
- September 15
- Possible listing period
- Week beginning September 21
- Market position
- NSE leads BSE in revenues, market share and liquidity, according to the article
Sources
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