India’s premier bourse, NSE, is gearing up for its IPO after SEBI’s long-awaited clearance. Managing Director and CEO Ashish Chauhan disclosed during an IANS interaction in New Delhi that the exchange will launch via Offer for Sale (OFS), with draft papers set for completion in 3-4 months.
Chauhan expressed profound appreciation for SEBI’s decision, ending a 10-year saga marred by regulatory scrutiny over governance lapses and co-location controversies. “We’re grateful for SEBI’s nod to kickstart the IPO journey,” he remarked at the event.
Currently home to 1.91 lakh shareholders, NSE will simultaneously gather inputs for OFS from those eligible and willing to sell. The DRHP, critical for investor disclosures, demands meticulous compilation.
NSE Chairperson Srinivasan Iyntra celebrated the approval as a gateway to value unlocking for shareholders and a testament to the exchange’s market leadership. Since 2016 attempts, probes had repeatedly derailed listing plans.
Market buzz intensified post-SEBI chief’s hints at swift clearance. As NSE advances on IPO structuring, expectations soar for a high-valuation public offer. This move not only democratizes ownership but also bolsters India’s status as a global investment hub.
Experts foresee robust demand given NSE’s 90%+ equity market share. The OFS model ensures no fresh capital raise, focusing on liquidity for existing holders. Watch this space as timelines firm up, promising a transformative chapter for Indian capital markets.