LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

Sebi seeks clarification on NSE's proposed IPO

The stock exchange major proposes to conduct an IPO through an offer for sale (OFC) of existing shares.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Sebi seeks clarification on NSE's proposed IPO
The NSE had submitted its IPO offer document with SEBI on December 28, 2016. Photo: Reuters
Written By: IANS
Updated: Tue, Feb 07, 2017
08:33 am
Mumbai, IANS

The securities markets regulator SEBI has sought clarification from the lead manager (LM) of the National Stock Exchange (NSE) on the proposed initial public offer (IPO).

According to SEBI, it has sent a letter seeking clarification on the proposed IPO to the lead manager, however, the regulator did not disclose the clarification it has sought.

"Clarification awaited from LM," SEBI said in its latest update to the "processing status of draft offer documents as on February 3, 2017" section of its website.

The LM to the proposed NSE`s IPO is JM Financial Institutional Securities. The stock exchange major proposes to conduct an IPO through an offer for sale (OFC) of existing shares.

The NSE had submitted its IPO offer document with SEBI on December 28, 2016. The issue for over Rs 10,000 crore IPO is expected to be around 11 crore shares, which works out to around 22 per cent of the overall equity shares. 

The IPO proceeds are expected to be over Rs 10,000 crore with the total enterprise value of between Rs 45,000 crore and Rs 50,000 crore.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
National Stocks ExchangeNSE IPOSecurities and Exchange Board of IndiaSebiNSE IPO lead managersMarkets
RELATED NEWS

LATEST NEWS

Budget 2021 Expectations: Mobile industry raises demand for GST rate cut in Union Budget 2021-2022

Just 42 pct girls allowed access to mobile phone for less than an hour a day: Survey

Bullet Train: Undersea tunnel! Here is latest news update on Mumbai-Ahmedabad High Speed Rail

Nearly Rs 10 lakh fine on wedding organiser for breaching Covid-19 lockdown; many guests left as police arrived

Recovery of excess pension made to pensioners: Big decision! Important notification by RBI

Rs 5, 10 and 100 news: Will old notes be valid after March 2021? Here is truth from Modi government

Budget 2021: Unprecedented! 1st time ever since 1947, this is going to happen in Union Budget 2021-2022

Stock Market Outlook with Anil Singhvi: On Nifty, Bank Nifty, Market Guru reveals what will be critical for investors to watch out for

Check Modi government's latest notices to Chinese apps including Tiktok, PUBG mobile game

Budget 2021 Expectations LIVE: Here is what India wants - Check latest news, updates, demands here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved