NSE IPO On BSE: National Stock Exchange of India (NSE) has made significant progress on its Initial Public Offering (IPO). After SEBI’s green signal, NSE IPO will be listed on the stock market.
NSE IPO On BSE:The initial public offering (IPO) of the National Stock Exchange of India (NSE) has made significant progress. After SEBI’s green signal, NSE IPO will be listed on the stock market. Generally, when a company’s mainboard IPO comes, its listing comes on both BSE and NSE indices. However, the NSE IPO will be listed only on the competitor Bombay Stock Exchange i.e. BSE.
It will not be listed on the National Stock Exchange i.e. NSE. Now the question is finally why NSE IPO is to be listed on BSE only. Let’s know about this in detail.
As per the rules listing of NSE IPO is not possible on the NSE platform itself. In fact, when an investor buys shares of a listed company, the stock exchange plays an important role in monitoring the trading activity. In this regard compliance of rules is ensured and rules relating to listing are enforced. Listing your shares on NSE itself falls under the category of Conflict of Interest. To avoid this situation Indian rules do not allow any stock exchange to list your shares on its own trading platform. Due to this reason, Bombay Stock Exchange i.e. BSE was also not listed on its own platform.
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Details of NSE IPO
Recently NSE has filed with market regulator SEBI for approval of IPO. The issue, which has a size of around Rs 30,000 crore, will be entirely dependent on presenting a sale by shareholders. NSE’s proposed IPO will be entirely based on an offer for sale (OFS), which will sell a total of 14.89 crore shares to existing shareholders. Through this issue, the shareholders will collectively sell approximately six percent stake on the NSE.
