NSE Awaits SEBI Approval to Kickstart Long-Awaited IPO Process"
Expert Analysis:
SEBI Approval Awaited: NSE's listing plans were delayed due to a SEBI probe into alleged governance lapses, including misuse of co-location facilities and preferential access for trading members.
Vikram Limaye's Statement: In 2020, Vikram Limaye, then MD and CEO of NSE, stated the exchange sought SEBI's approval for the IPO and planned to appoint merchant bankers for drafting the prospectus.
Initial IPO Filing: In December 2016, NSE filed draft papers with SEBI for its IPO, anticipating a Rs 10,000 crore initial share sale, with existing shareholders intending to offload 22% shares via the OFS route.
Investor Base Strength: NSE boasts 9 crore registered investors, spanning over 99% of India's geographical area, with only 33-35 PINCODES excluded. Over the past five years, NSE's investor base has grown significantly, attributed to digitization, heightened investor awareness, financial inclusion, and robust market performance.
Chauhan's Advice: CEO Chauhan advises retail investors to avoid high-risk derivatives trading, citing an SEBI study revealing that nine out of ten traders incur losses in such trades.
