NSE IPO

NSE IPO: BSE's improving operating leverage and residual room to expand in cash equities, where NSE still holds ~93 per cent, has justified a scarcity-and-momentum premium for the listed exchange.

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.

Primary issue will be of Rs 5,000 crore, which the company will raise via public issue; OFS by existing investors will be Rs 2,460 crore

The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares

Karvy's companies have taken close to Rs 2,900 crore from banks, including ICICI Bank, HDFC Bank, and Lakshmi Vilas Bank

The NSE's Rs 10,000-crore maiden offer to provide partial or full exit to 27 shareholders has got delayed by nearly a year due to a probe against it

The exchange was earlier expecting the share sale to take off this fiscal, but it may get delayed as the probe is still on

Exchange's pending co-location issue with Sebi has caused uncertainty

Bankers say NSE could raise as much as $1 billion from the proposed IPO

NSE filed its draft papers with Sebi in December to raise an estimated over Rs 10,000 crore

The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore

Exchange's shareholders hopeful that initial public offering of shares will remain on track despite CEO exit

Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split

Citi, JM, Kotak, Morgan Stanley selected as lead bankers