SEBI clears NSE IPO, paving way for market debut
Updated red herring prospectus, price band expected next week; exchange likely to list by 25th September
The Securities and Exchange Board of India (SEBI) has approved the National Stock Exchange (NSE) IPO, clearing the final hurdle for the exchange to go public. This approval comes nearly a decade after NSE began pursuing a listing. Sources indicate that NSE may file an updated Red Herring Prospectus (RHP) and announce the price band next week, with the IPO likely to open for subscription the following week and list before September 25.
The exchange, currently valued at around ₹5 lakh crore in the unlisted market, is expected to be one of the largest IPOs in India, with an estimated issue size of around ₹30,000 crore.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.