The National Stock Exchange (NSE) aims to launch an IPO to increase transparency and accountability, not for price discovery, according to Sriram Krishnan, NSE's Chief Business Development Officer.
With a market value of Rs 4.75 lakh crore, NSE seeks to offer 10% equity, potentially raising Rs 47,500 crore, making it India’s largest-ever IPO. Despite delays since 2016, due to the co-location scam, NSE is now waiting for SEBI's approval.