{"id":3678,"date":"2024-08-28T11:23:46","date_gmt":"2024-08-28T05:53:46","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3678"},"modified":"2024-08-28T11:30:09","modified_gmt":"2024-08-28T06:00:09","slug":"nse-plans-to-reapply-for-noc-in-push-to-launch-rs-30000-crore-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/nse-plans-to-reapply-for-noc-in-push-to-launch-rs-30000-crore-ipo\/","title":{"rendered":"NSE Plans to Reapply for NOC in Push to Launch Rs 30,000 Crore IPO"},"content":{"rendered":"\n

The National Stock Exchange (NSE) is planning to refile for a no-objection certificate (NOC) from the Securities and Exchange Board of India (SEBI) to move forward with its long-awaited initial public offering (IPO), which is expected to raise around Rs 30,000 crore. This decision was discussed during the exchange’s annual general meeting.<\/p>\n\n\n\n

NSE’s IPO plans have been delayed due to regulatory issues, including the ongoing co-location case. Originally, NSE submitted a draft red herring prospectus (DRHP) in 2016, but SEBI returned it in 2019, requiring the exchange to address the co-location investigation first. The case is currently pending before the Supreme Court, with a hearing scheduled for September 3.<\/p>\n\n\n\n

In June 2022, SEBI had rejected the listing application by NSE due to governance and operational lapses. When it starts the re-application process, this is expected to be India’s largest IPO ever so far, surpassing Life Insurance Corporation’s Rs 21,008 crore IPO in May 2022.<\/p>\n\n\n\n

Shares of NSE are currently trading at \u20b9 6,000 each in the unlisted market-a two-fold jump in value in a year-putting the market capitalization of the exchange at \u20b9 3 lakh crore. If NSE goes ahead with the IPO and sells 10% equity, it would raise around \u20b9 30,000 crore.<\/p>\n\n\n\n

Key investors of NSE include Life Insurance Corporation at 7.2 percent, Stock Holding Corporation at 4.44 percent, SBI Capital Markets at 4.33 percent, and Temasek Holdings with 5 percent.<\/p>\n\n\n\n

For the fiscal closed on March 31, 2024, NSE posted a net profit of \u20b98,306 crore – up 13% compared with a year ago- while revenue jumped 25% at \u20b914,780 crore.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0ET<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

The National Stock Exchange (NSE) is planning to refile for a no-objection certificate (NOC) from the Securities and Exchange Board of India (SEBI) to move forward with its long-awaited initial public offering (IPO), which is expected to raise around Rs 30,000 crore. This decision was discussed during the exchange’s annual general meeting. NSE’s IPO plans […]<\/p>\n","protected":false},"author":1,"featured_media":3679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[298],"class_list":["post-3678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-nse-to-apply-noc"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3678"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3678\/revisions"}],"predecessor-version":[{"id":3681,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3678\/revisions\/3681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3679"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}