Race for prestige intensifies as merchant bankers line up for India’s most-awaited IPO; NOC from SEBI awaited<\/p>\n
Top merchant bankers have begun jockeying for position in anticipation of the National Stock Exchange\u2019s IPO, even though the formal process hinges on regulatory clearance. Several leading firms have already initiated outreach efforts with NSE’s top management, hoping to secure the coveted role of lead manager to what could be India\u2019s largest domestic IPO<\/a> in years.<\/p>\n The \u2018beauty parade\u2019\u2014a term for pitches by investment banks vying for a mandate\u2014is unofficially underway, with bankers showcasing valuation models, global listing precedents, and strategies to highlight NSE\u2019s appeal to institutional investors. The issue’s prestige is a key motivator, and even low-profile merchant bankers are making visible efforts to engage with NSE, insiders say.<\/p>\n Also Read : Nifty Below 25,400, Sensex Down 300 pts as IT Drags; TCS Q1 Eyed \u2013 July 10 Market<\/a><\/p>\n The IPO process is awaiting a No Objection Certificate (NOC) from SEBI\u2019s Market Regulation Department, which in turn is dependent on the resolution of the co-location and dark fibre access cases. NSE has offered \u20b91,400 crore as a settlement, of which \u20b9800 crore is already deposited with SEBI. A second meeting of SEBI\u2019s High-Powered Advisory Committee (HPAC) is expected later this month.<\/p>\n If cleared, NSE could file its Draft Red Herring Prospectus (DRHP) within 4\u20135 months, targeting a listing in the last quarter of FY25.<\/p>\n Merchant banker selection post-settlement<\/p>\n<\/li>\n Supreme Court verdict on the SAT ruling<\/p>\n<\/li>\n Timeline for DRHP filing and SEBI review<\/p>\n<\/li>\n Estimated IPO size and valuation metrics<\/p>\n<\/li>\n<\/ul>\n Check This<\/strong><\/p>\n Race for prestige intensifies as merchant bankers line up for India’s most-awaited IPO; NOC from SEBI awaited Top merchant bankers have begun jockeying for position in anticipation of the National Stock Exchange\u2019s IPO, even though the formal process hinges on regulatory clearance. Several leading firms have already initiated outreach efforts with NSE’s top management, hoping […]<\/p>\n","protected":false},"author":4,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1367],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-11343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipo-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=11343"}],"version-history":[{"count":5,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11343\/revisions"}],"predecessor-version":[{"id":18129,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11343\/revisions\/18129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/11346"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=11343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=11343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=11343"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=11343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Settlement with SEBI in Final Stages<\/h2>\n
What to Watch<\/h3>\n
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