Page 2 - National Stock Exchange

NSE IPO likely to be priced at ₹1,700-1,800, OFS may be trimmed to 5.25%

The OFS-only issue may be smaller than earlier envisaged as some shareholders prefer to wait for a potentially better price after listing, sources said

NSE IPO may shrink to ₹25,000-27,000 crore as investors pull back from OFS

The size of the National Stock Exchange (NSE) IPO may shrink with the offer for sale (OFS) likely to be cut to 5.2-5.5 per cent, from the 6 per cent planned earlier, as some shareholders have backed out of the sale, people familiar with the matter said on Wednesday. The reduced OFS could bring down the overall issue size to Rs 25,000-27,000 crore, compared with the earlier estimate of Rs 30,000 crore.At this size, NSE may fall short of becoming India's largest-ever public offering. Hyundai Motor India's IPO, at Rs 27,870 crore, currently holds the record. The reduction in the OFS size is understood to be driven by some shareholders choosing not to sell during the IPO, as they believe they could command a better valuation by selling their stake at a later stage, thepeople familiar with the matter said. The NSE is also looking to make the issue more attractive for retail investors, with pricing being structured to provide greater participation and benefit to small investors in the OFS

NSE lowers IPO price range, giving up shot at India's top listing

At the top of the proposed range, the sale of a 5.5% stake would raise about ₹24,300 crore, below the ₹27,900 crore raised by Hyundai Motor India Ltd. in 2024 in the country's largest-ever IPO

NSE IPO GMP jumps to ₹285 after Sebi approval paves way for D-Street debut

NSE IPO price band: Based on current market indications, analysts say that the price could be in the ₹1,800 to ₹2,200 range per share.

Sebi clears long-awaited NSE IPO; listing likely around September 25

Sources say the IPO may open for subscription by September 15, with listing eyed around September 25

National Stock Exchange to revise pre-open auction framework from Sept 7

The move brings the pre-open process in line with the Closing Auction Session framework, creating a more consistent auction structure around price discovery at the start and close of the trading day

SBI, SBI Capital Markets to dilute up to 1% stake in NSE via public offer

State Bank of India (SBI) and its subsidiary SBI Capital Markets Ltd together plan to dilute up to 1 per cent stake in the National Stock Exchange (NSE) through the exchange's proposed Rs 30,000-crore initial public offering (IPO). The bank is participating in the NSE IPO and will dilute a 0.65 per cent stake in the exchange, SBI Chairman C S Setty told PTI in an interview. "We are participating in that divestment. We propose to divest 0.65 per cent and 0.35 per cent by SBI Capital Markets because both of us hold the stake. So together, about 1 per cent as a SBI group... it could be less depending on any other shareholders joining," he said. SBI currently holds a 3.23 per cent stake in the NSE, while SBI Capital Markets owns 4.33 per cent in the country's largest stock exchange. He clarified that there is no the monetisation plan for other subsidiaries in the immediate future. Last month, SBI, along with its foreign partner Paris-headquartered Amundi, diluted around 10 per cent st

Sebi close to approving NSE public offer, says chairman Tuhin Kanta Pandey

Tuhin Kanta Pandey says Sebi is close to approving NSE's IPO documents; regulator is also working on rationalising settlement, margin and risk-management provisions

Street signs: Sebi to bring out clearer RPT and disclosure framework

Sebi is looking to clarify related-party transaction and disclosure norms, while NSE has tightened timelines for brokers to act on non-compliant authorised persons

NSE may allow its shares to trade on its own platform after BSE listing

The proposal was discussed with global investors during IPO roadshows and could pave the way for NSE shares to enter its benchmark indexes

Groww gains market share in July; NSE active clients dip 1.8% M-o-M

As per the 360 One Capital report, NSE active clients declined in July by 1.8 per cent M-o-M and 3.6 per cent Y-o-Y.

Wipro's exit from Nifty 50 reflects waning clout of Indian IT giants

The combined weight of India's top five IT companies in the Nifty 50 has fallen below 9% this year, the lowest at least since 2002

NSE's closing auction skews MF NAVs, creates winners and losers

New buyers lose out, redeemers gain; fund houses expect anomaly to even out over time

NSE plans new volatility index with revised methodology; pilot launch soon

NSE had launched India Vix futures in 2014 but discontinued them in 2017 because of low liquidity and participation

NSE stock draws rare 'sell' rating ahead of long-awaited IPO debut

Dolat Capital initiated coverage of the National Stock Exchange with a 'sell' recommendation, citing regulatory headwinds and high valuations ahead of the bourse's planned IPO

Delhi HC: NSE chief falls within ambit of PC Act; Ramkrishna plea dismissed

The Delhi High Court held that the National Stock Exchange performs functions involving significant public interest and upheld the sanction granted for Chitra Ramkrishna's prosecution

NSE targets September launch for Rs 30,000-crore IPO after Sebi nod

The National Stock Exchange (NSE) is targeting to launch its much-awaited initial public offering (IPO), estimated at around Rs 30,000 crore, in September, people familiar with the development said on Monday. The mega IPO is expected to value the country's largest stock exchange at over Rs 5 lakh crore. The exchange will soon begin roadshows for the IPO. If successful, the issue will surpass Hyundai Motor India's Rs 27,870-crore public offering launched in October 2024. The proposed public issue will be entirely an offer for sale (OFS) of 14.89 crore equity shares, with existing shareholders collectively divesting nearly 6 per cent of the exchange's equity, according to the draft red herring prospectus (DRHP) filed in June. NSE has around 1.8 lakh shareholders. Among the major shareholders selling their stake, State Bank of India will offload up to 2.48 crore shares, followed by MS Strategic (Mauritius) Ltd with 1.60 crore shares. Other shareholders proposing to sell shares includ

NSE plans to launch quanto cross-currency derivatives, seeks RBI approval

Move could help revive exchange-traded currency volumes

Delhi HC rules National Stock Exchange a public authority under RTI

The Delhi High Court on Wednesday held that the National Stock Exchange of India (NSEI) is a 'public authority' under the Right to Information Act. A bench of justices C Hari Shankar and O P Shukla dismissed an appeal by the stock exchange assailing a single judge's decision which ruled that NSEI qualified as a 'public authority' under section 2(h) of the RTI Act. Citizens can enforce their right to ask for information only from a 'public authority' under the RTI Act. The bench observed that if the body is owned, controlled or substantially financed by the government, it would qualify as a 'public authority'. The court stated that this was not a case where an entity was established as a private company and was regulated by statute later. Observing that the NSEI could not function as a stock exchange at all without recognition by SEBI, the court said it agreed with the single judge's finding that it has to be regarded as having been "established" or "constituted" by an order issued

RBI's new funding rules deal 'body blow' to Indian prop trading firms

From July 1, bank guarantees used in capital markets must be fully backed by collateral, a move expected to reduce leverage and raise funding costs