NSE IPO | National Stock Exchange DRHP IPO Review |

The National Stock Exchange (NSE) IPO Documents were filed with SEBI recently. As part of the IPO, NSE has submitted a Draft Red Herring Prospectus. This IPO from NSE is one of the biggest in recent times, and third biggest overall. In our previous post, we have provided the IPO Details of S Chand and company, CDSL. Through the IPO, NSE is planning to sell around 40 Crore shares to the public.

NSE IPO National Stock Exchange DRHP IPO Review

National Stock Exchange IPO DRHP

Download DRHP of NSE IPO Download

National Stock Exchange IPO Review

Issue Capital (approx) Rs.10,000 Crore
Issue Date 2017
IPO Type Pure Offer
Shares for Sale 11,00,00,000

History : NSE IPO

NSE was incorporated in 1992. It was recognised as a stock exchange by SEBI in April 1993 and commenced operations in 1994 with the launch of the wholesale debt market, followed shortly after by the launch of the cash market segment.

The National Stock Exchange (NSE) is the leading stock exchange in India and the fourth largest in the world by equity trading volume in 2015, according to World Federation of Exchanges (WFE).

NSE began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on annual reports of SEBI.

NSE launched electronic screen-based trading in 1994, derivatives trading (in the form of index futures) and internet trading in 2000, which were each the first of its kind in India.

NSE has a fully-integrated business model comprising our exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading and clearing members and listed companies with the rules and regulations of the exchange.

NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

NSE believes that the scale and breadth of its products and services, sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients.

Products : NSE IPO

  • Cash Market (Equities)
  • Indices
  • Mutual Funds
  • Exchange Traded Funds
  • Initial Public Offerings
  • Offer for Sale
  • Institutional Placement Program
  • Security Lending and Borrowing Scheme
  • Sovereign Gold Bonds Scheme

Derivatives

  • Equity Derivatives
  • Currency Derivatives
  • NSE Bond Futures

Debt

  • Debt Market
  • Corporate Bonds
  • Electronic Debt Bidding Platform (NSE-EBP)

Company Data : NSE IPO

CIN U67120MH1995PLC092283
Company Name NATIONAL SECURITIES CLEARING CORPORATION LIMITED
ROC Code RoC-Mumbai
Registration Number 092283
Company Category Company limited by Shares
Company SubCategory Non-govt company
Class of Company Public
Authorised Capital(Rs) 450000000.0
Paid up Capital(Rs) 450000000.0
Number of Members(Applicable in case of company without Share Capital) 0
Date of Incorporation 31/08/1995
Registered Address EXCHANGE PLAZA C-1 BLOCK GBANDRA KURLA COMPLEX BANDRA EAST MUMBAI Mumbai City MH 400051 IN
Address other than R/o where all or any books of account and papers are maintained
Email Id secretarialdept@nse.co.in
Whether Listed or not Unlisted
Suspended at stock exchange
Date of last AGM 20/07/2016
Date of Balance Sheet 31/03/2016
Company Status(for efiling) Active

Directors : NSE IPO

Full Name Present Residential Address
RAVI DHARM NARAIN B-3, DIWAN SHREE APARTMENT 30, FIROZSHAH ROAD NEW DELHI 110001 DL IN
NAVIN KUMAR MAINI B – 74 1ST FLOOR DEFENCE COLONY NEW DELHI 110024 DL IN
RAJENDRAN VEERAPPAN CHINNA NAPEROL TOWERS, A WING, 123 R A KIDWAI ROAD,WADALA MUMBAI 400031 MH IN
SALIM GANGADHARAN C-26, RNP LANE, SASTHAMANGALAM P.O, VELLAYAMBALAM, TRIVANDRUM 695010 KL IN
VENKATA RAO TATICHERLA C-308, SUNGRACE BUILDING, CHANDIVALI ROAD, RAHEJA VIHAR, POWAI, ANDHERI (EAST) MUMBAI 400072 MH IN
HARUN RASID KHAN Flat No. 132, Reserve Bank Officers, Vasant Vihar 85 Napean Sea Road Mumbai 400006 MH IN
AMIT KANTILAL AMLANI 402, KHYATIDEEP CHSL, CHIKUWADI BORIVALI (WEST) Mumbai 400091 MH IN
RAMASAMY JAYAKUMAR A-401, Sungrace, Raheja Vihar Chandivli Road, Powai Mumbai 400072 MH IN

National Stock Exchange IPO Review

The NSE IPO will see existing shareholders offloading 20-25 per cent shares to the public through the OFS route.

In its IPO prospectus, NSE pointed to a specific broker that was “almost consistently” given preferential access to its servers during 1-1/2 years, which “may not have been possible without the knowledge of certain employees.”

Despite these issues, the National Stock Exchange IPO is likely to see good demand and will be over subscribed by at least twice.