NSE Files DRHP For Rs 30,000 Crore IPO, India's Biggest Listing May Be Next

Summary

The National Stock Exchange has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India, paving the way for what could be India's biggest ever initial public offering, estimated at around thirty thousand crore rupees. This proposed issue, which will be entirely an Offer For Sale, could surpass Hyundai Motor India's nearly twenty-eight thousand crore rupee IPO in two thousand twenty-four to become India's largest public issue. The listing, which has been nearly a decade in the making, is expected to be closely watched by institutional investors and thousands of existing shareholders who have waited years for the exchange to go public.