NSE Begins Process to Appoint Bankers for Proposed IPO Listing

National Stock Exchange of India (NSE) has invited investment banks to submit proposals for advisory roles linked to its planned Initial Public Offering (IPO), according to recent reports. 

The exchange is expected to appoint advisers by mid-March. The process follows approval from its board to proceed with the listing. 

Committee Formed to Oversee Process 

Earlier this month, NSE constituted a committee to supervise the IPO exercise. It has appointed Rothschild & Co. as an independent adviser to manage the selection of lead bankers, legal counsel and other intermediaries. 

The adviser is expected to assist in coordinating the next steps of the proposed share sale. 

Offer Structure 

The planned listing is expected to take place through an offer for sale, with no fresh issue of shares. Existing shareholders may sell roughly 4% to 4.5% of the company’s equity. 

Based on prevailing unlisted market valuations, the issue could raise close to $2.5 billion. 

Listing Delayed in the Past 

NSE’s listing has remained pending for several years due to regulatory and legal challenges. The current developments suggest movement after a prolonged period of uncertainty around the timeline. 

The exchange has previously faced hurdles that slowed the approval process. 

Market Position and Next Steps 

NSE runs the largest derivatives exchange globally by number of contracts traded. It plays a central role in India’s equity and derivatives markets. Despite its scale, the company is yet to be publicly listed. 

The appointment of bankers and other advisers is expected to determine the pace of further preparations for the IPO. The listing will depend on completion of regulatory procedures and readiness of transaction participants. 

Read More: CleanMax Secures Approval for ₹1,200 Crore Solar Project Ahead of IPO! 

Conclusion 

The invitation to investment banks marks another procedural development in NSE’s listing plans. Further progress is expected once key intermediaries are selected and approvals are in place. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.