NSE’s big-ticket IPO set to get clearance from SEBI
Hello everyone Much awaited IPO The bourse is likely to be valued at over ₹2-lakh crore The much-awaited initial public offering of the National Stock Exchange (NSE) could be rolled out in the next few weeks since market regulator SEBI is all set to allow the bourse to re-file its prospectus for the share sale. NSE will launch India’s biggest IPO post-SEBI nod as it is likely to be valued at over ₹2 lakh crore. In the unlisted market, NSE’s shares are currently quoting in the broad range of ₹3,000- 4,000 apiece. IPO plan The NSE had first filed for its IPO with SEBI in December 2016, two months before incumbent SEBI chairman Ajay Tyagi took charge. Then, Tyagi ordered the exchange to withdraw its offer documents since it got embroiled in the algo trading scandal. A SEBI investigation was ordered into the alleged data theft and preferential access scam at NSE co-location servers. In May 2019, SEBI framed charges against senior NSE officials and ordered the exchange to pay ove...