Indian stock exchange operator National Stock Exchange of India (NSE) is expected to file a Draft Red Herring Prospectus (DRHP) in the current timeframe, according to sources cited by NDTV. The filings are linked to the long-awaited NSE initial public offering (IPO). Sources also indicate that the IPO’s offer size could be around 5% of the exchange’s equity capital. This would be above the public float threshold set by India’s market regulator, SEBI. SEBI’s minimum public float requirement for companies valued above Rs 10,000 crore is stated as 2.5%, which means the proposed NSE offer size, as described by sources, would exceed the regulatory minimum. The reports do not provide additional details on the final offer size, valuation, or timing beyond the expectation of a DRHP filing. The information remains based on sources and reflects expectations around how the IPO structure may be shaped in line with SEBI norms.
NSE likely to file DRHP for long-awaited IPO, sources say
Indian stock exchange operator National Stock Exchange of India (NSE) is expected to file a Draft Red Herring Prospectus (DRHP) in the current timeframe, according to sources cited by NDTV. The filing...
- Sources say NSE is expected to file its Draft Red Herring Prospectus (DRHP) for its IPO in the current timeframe.
- The DRHP filing is tied to the long-awaited NSE IPO.
- Sources estimate the IPO offer size could be around 5% of NSE’s equity capital.
- SEBI requires a minimum public float of 2.5% for companies valued above Rs 10,000 crore.
- The proposed 5% offer size, as described, would be above SEBI’s minimum public float requirement.
Sources said the NSE IPO offer size could be around 5% of the exchange's equity capital, well above SEBI's minimum public float requirement of 2.5% for companies valued above Rs 10,000 crore.
2 months agoSources said the NSE IPO offer size could be around 5% of the exchange's equity capital, well above SEBI's minimum public float requirement of 2.5% for companies valued above Rs 10,000 crore.
2 months ago
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