NSE appoints 20 merchant banks for IPO book running

The National Stock Exchange (NSE), which is the largest exchange by volume, has appointed 20 merchant bankers for conducting its initial public offering,.

The exchange’s IPO was in limbo for almost a decade and had recently received SEBI’s nod to file papers.

“The 20 merchant bankers selected include Kotak Mahindra Capital Company Limited, JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Motilal Oswal Investment Advisors Limited, ICICI Securities Limited, SBI Capital Markets Limited, Nuvama Wealth Management Limited, HDFC Bank Limited, Avendus Capital Private Limited, Morgan Stanley India Company Private Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, IDBI Capital Markets & Securities Limited, 360 ONE WAM Limited, Anand Rathi Advisors Limited, DAM Capital Advisors Limited, Pantomath Capital Advisors Private Limited, and Equirus Capital Private Limited,” NSE said in a statement.