NSE IPO: Quantum of issue shortly
DSIJ Intelligence / 29 Nov 2016
The Draft Red Hearing Prospectus (DRHP) of the National Stock Exchange (NSE) is gathering a lot of steam. NSE plans to file its DRHP in January 2017 and will be finalising the issue size in a week's time from now, according to a spokesperson.
The Draft Red Hearing Prospectus (DRHP) of the National Stock Exchange (NSE) is gathering a lot of steam. NSE plans to file its DRHP in January 2017 and will be finalising the issue size in a week's time from now, according to a spokesperson.
There are various estimates about the total size of the issue. However, according to a media house, NSE could raise around Rs 10,000 crore by diluting 25 per cent of its stake. The largest exchange of the country in terms of market share has appointed IDFC Bank Ltd, ICICI Securities, IIFL Holdings and HDFC Bank to syndicate the issue. NSE also plans overseas listing in April 2017.
Meanwhile, BSE, Asia’s oldest stock exchange, is well ahead of NSE in filing its DRHP. It filed its draft prospectus in September this year with market regulator Securities and Exchange Board of India (Sebi), paving the way for an initial public offering (IPO) that could range anywhere between Rs 1,200 crore and Rs 2,000 crore.
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