Home / Business and Economy / NSE IPO: No Self-Trading Ahead of Listing
NSE IPO: No Self-Trading Ahead of Listing
11 Sep
Summary
- NSE CEO confirms no plan to trade own shares on its platform.
- IPO is an offer for sale, reducing stake to 5.25% of capital.
- IPO size expected at Rs 22,500-23,500 crore, with specific dates set.
The National Stock Exchange (NSE) will not pursue permission to trade its own shares on its platform prior to its Initial Public Offering (IPO), as confirmed by NSE MD and CEO Ashish Chauhan. This decision addresses potential governance issues and conflicts of interest inherent in self-supervision. The exchange's primary focus remains on its upcoming IPO, which will be exclusively an offer for sale (OFS).
Existing shareholders are set to divest approximately 12.64 crore shares, a reduction from earlier proposals, bringing the expected IPO size to Rs 22,500-23,500 crore. This represents about 5.25% of NSE's paid-up capital. The exchange has set the IPO launch date for September 17, with anchor investors opening subscriptions on September 16. Listing is anticipated on September 24.
Investors are keenly awaiting the final price band, with current indications suggesting a range of Rs 1,700-1,785 per share. This pricing positions NSE for a valuation around Rs 4.4 lakh crore, solidifying its status as one of India's largest IPOs despite the adjusted issue size. NSE's dominant position in India's equity derivatives and cash equities markets underpins its strong market fundamentals.
