NSE IPO: Preparations for IPO accelerate, investment banks shortlisted, read the full news:After the NSE board meeting held on February 6, it was approved that the IPO will be brought through Offer for Sale (OFS), in which existing shareholders will sell their stake.

News Topical, Digital Desk : Preparations for the National Stock Exchange (NSE)'s initial public offering (IPO) have intensified. According to a Moneycontrol report, the exchange has shortlisted approximately 20–21 investment banks for its mega IPO. The report, citing multiple sources, stated that the shortlisted entities include Kotak Mahindra Capital, Citi, JM Financial, JP Morgan, HSBC Securities, and Morgan Stanley. Sources also stated that seven to nine law firms have been shortlisted for this large issue, and an official announcement is expected soon.

Rothschild became an advisor

The NSE's IPO Committee has selected Rothschild as the independent advisor to oversee the IPO process. Previously, the NSE held discussions with various agencies based on technical and business proposals. Regarding Rothschild's role, the NSE statement said the advisor will lead the process of selecting book running lead managers (BRLMs), legal advisors, and other intermediaries for the IPO through a transparent and governance-based process.

Its responsibilities will include creating a fair evaluation framework, establishing clear selection criteria, and managing all stages of the selection process—documentation, clarification, coordination, and gathering internal stakeholder feedback. This process will also ensure equal information, regular communication, and proper documentation of decisions among all parties. Following the NSE board meeting held on February 6, it was approved that the IPO will be conducted through an offer for sale (OFS), in which existing shareholders will sell their stake. The company's major institutional shareholders include LIC, SBI, and Singapore's Temasek. NSE, led by MD and CEO Ashish Kumar Chauhan, also strengthened its IPO governance structure by reconstituting a dedicated IPO committee following the board meeting.

Preparations for listing after 34 years of establishment
NSE was established in 1992 and commenced operations as India's first electronic stock exchange in 1994. It offers high-speed and technology-based trading platforms for various asset classes such as equity, debt, commodity, currency and their derivatives as well as exchange traded funds (ETFs).