NSE IPO

Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.

The National Stock Exchange of India Limited (NSE) is India’s premier stock exchange that provides platforms and infrastructure for trading, clearing, listing, and related market services. Its product portfolio includes cash market, futures and options, mutual funds, commodity derivatives, exchange-traded currency derivatives, wholesale debt market, and interest rate futures. The company also provides index services, market data, analytics, news and information services, data feeds, data terminal services, and licensing services. Through its subsidiaries and associates, it also provides clearing and settlement, foreign currency-denominated trading, mutual fund registry, depository, e-corporate governance, mobile trading, and other exchange-related services. NSE operates a vertically integrated technology infrastructure comprising seven data centres, including a primary data centre, member colocation data centre, disaster recovery site, and near data centre. The company operates from its corporate office in Mumbai, Maharashtra, and it also has points of presence across more than 30 locations in India, including across New Delhi, Bangalore, Noida, Kolkata, Chennai, Ahmedabad, Pune, Hyderabad, Gandhinagar, Jaipur, Indore, Chandigarh, Bhopal and Vizag. The company commenced operations in November 1992. Use of proceeds: The IPO is an offer-for-sale (OFS). The company will not receive any proceeds from the offer. Net proceeds from the offer will go to the promoter selling shareholders in proportion to the number of shares offered by them for sale. The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which is expected to enhance the company’s visibility and brand recognition. Listing will also provide liquidity to the existing shareholders and create a public market for the company’s shares in India​.