NSE IPO DRHP Filing: The stage is set for the National Stock Exchange (NSE) to file its draft papers with the regulator DRHP. According to a Business Standard report, the NSE has asked its bankers to expedite the process of filing draft papers with SEBI.
The report said that NSE could file its much-awaited draft red herring prospectus (DRHP) by mid-June. The exchange has set a target of June 15 for the filing of IPO papers, the report said, citing sources.
NSE IPO DRHP Filing Date
If NSE manages to file its DRHP with SEBI by June 15, it will pave the way for the likely listing of India's largest exchange in 2026.
NSE IPO DRHP Filing; SEBI Observation
Once NSE submits the DRHP with SEBI, it will await the regulator's final observations. The process usually takes two to three months.
After NSE received NOC (no-objection certificate) from SEBI, the board of the exchange had in February approved an IPO plan.
When NSE was asked about the timeline with regard to the filing of DRHP, the exchange said: "No further comments at this stage.”
NSE IPO will entirely be an offer for sale (OFS). Under the OFS, NSE's existing investors will trim their stake by up to 5 per cent.
According to reports, NSE shareholders, including Temasek, Canada Pension Plan Investment Board, Life Insurance Corporation of India (LIC) and ChrysCapital may offload stake via IPO.
NSE is likely to seek a valuation of Rs 4 to Rs 6 trillion on listing. This will make NSE one of India’s most valuable listed companies.
Earlier, NSE had appointed a record 20 merchant bankers and eight law firms to manage its IPO.
