NSE IPO Nears: Rs 23,000 Crore OFS Expected, DRHP Filing Soon

• National Stock Exchange (NSE) is set to begin its IPO process after SEBI approval, as per a Moneycontrol report.
• The NSE board will likely discuss the IPO proposal and December quarter results at an upcoming meeting.
• An IPO committee, primarily of independent directors, is expected to be formed to lead the listing process.
• NSE aims to file the Draft Red Herring Prospectus (DRHP) by late March or early April.
• The IPO will be an Offer for Sale (OFS) of about 4.5% equity, potentially raising Rs 23,000 crore, with a challenge in managing the large shareholder base for consent.

Why It Matters: NSE's long-awaited IPO is moving forward with a likely Rs 23,000 crore OFS and DRHP filing by early April.