A week after the exit of Chitra Ramkrishna as the National Stock Exchange CEO, the exchange said on Wednesday that it would file the draft document for its Initial Public Offering (IPO) by December 20.
“NSE is on track to file its DRHP (Draft Red Herring Prospectus) by next week. They had confirmed this to us in a shareholder meeting held mid November,” an NSE investor told BusinessLine.
The IPO will be an offer-for-sale by existing shareholders and will not bring new capital into the exchange.
NSE has appointed Kotak Mahindra Capital Company, Morgan Stanley, Citigroup and JM Financial Institutional Securities as its merchant bankers for the initial public offering.