National Stock Exchange of India Limited (NSE) on Friday announced that it has completed the process of selecting merchant bankers, legal advisors and other intermediaries for its proposed Initial Public Offering (IPO), marking a significant step toward taking the exchange public.
According to an official statement, the selection process was conducted through a structured and transparent framework approved by the exchange’s IPO Committee. The process involved a competitive evaluation to identify institutions capable of supporting the IPO across various regulatory and operational requirements.
As part of the process, NSE selected 20 merchant bankers to manage different aspects of the public offering. These include major financial institutions such as Kotak Mahindra Capital Company Limited, Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited and HDFC Bank Limited, along with several other domestic and international investment banks.
In addition, the exchange appointed eight prominent law firms to assist with legal documentation and regulatory compliance. These include leading firms such as Cyril Amarchand Mangaldas, Khaitan & Co, AZB & Partners, Trilegal and Shardul Amarchand Mangaldas & Co.
Other intermediaries selected for the IPO process include MUFG Intime India Private Limited, RBSA Advisors and Redseer Strategy Consultants Pvt Ltd, among others. These firms will provide specialized services such as registrar support, compliance advisory, valuation analysis, communication strategy and market research.
The appointed intermediaries will assist the exchange with key stages of the IPO process, including regulatory filings, due diligence, preparation of documentation, investor outreach, marketing and overall execution of the public issue in accordance with applicable regulations.
With the completion of this selection process, the role of Rothschild & Co India Private Limited as the process advisor for identifying and appointing IPO intermediaries has formally concluded.
Established in 1994, National Stock Exchange of India is India’s largest stock exchange and one of the world’s leading derivatives trading platforms by volume. The planned IPO is expected to be a major development in India’s capital markets, potentially attracting significant investor interest.
Officials said the appointment of intermediaries represents an important milestone in NSE’s journey toward a public listing, as the exchange moves forward with the next stages of the IPO process.
NSE Completes Selection of Merchant Bankers, Law Firms for Proposed IPO
