Sebi clears NSE's IPO papers, to be India's biggest so far
The National Stock Exchange (NSE) has received regulatory approval from Sebi to launch India's largest-ever IPO, valued at approximately Rs 30,000 crore. Major shareholders, including the SBI group and various international investment boards, are offloading significant stakes in the offering.
Why it matters
This IPO represents a landmark event for the Indian capital markets, potentially setting a new valuation benchmark for the country's financial infrastructure.
MUMBAI: Markets regulator Sebi on Friday cleared National Stock Exchange (NSE)'s offer document to go public through the initial public offer (IPO) estimated to be worth about Rs 30,000 crore. This will make it the largest IPO in India, ahead of Hyundai Motor India's Rs 27,870 crore offer in Oct 2024.In the much-awaited NSE IPO, existing shareholders together are selling nearly 15 crore shares at a price band that would be announced before the opening of the offer. Market sources said the offer could be launched during the second half of the month.Currently, in the unofficial and unlisted space for trading of shares, mainly the IPO-bound ones, NSE shares are quoting between Rs 1,950 and Rs 2,050.
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