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NSE IPO To Get Delayed For Few Months

NSE IPO To Get Delayed For Few Months:

Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi on Friday said that the initial public offering (IPO) of National Stock Exchange of India’s (NSE) shares are likely to be delayed, till the allegations of providing unfair access to certain brokers in its co-location platform and a full-time chief executive officer in place resolves.

“NSE doesn’t want to list its IPO till the time sits allegations related to colo (co-location) are resolved. So, the IPO may take another months’ time,” Tyagi told reporters at the annual session of the Confederation of Indian Industry.

Talking about the timeline on high frequency, he said that the there was a discussion paper last year and so it is something which SEBI has only just learnt about.

“It is a complicated issue and so, we have just learnt of it. We want to come out with proper regulations. But we will proceed very quickly,” added Tyagi.

However, the NSE had filed its draft papers with regulator SEBI in December to raise an estimated over Rs. 10,000 crore through IPO, is also waiting for the regulator’s go-ahead.

The IPO will witness existing shareholders offloading 20 to 25 percent shares to the public through the offer for sale (OFS) route.

Market Update:

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Now Avenue Supermarts (Dmart) IPO Allotment and Listing also completed. And people made an awesome 100% profit on listing.

Now CL Educate (CLEL) IPO Allotment and Listing has completed. While now Shankara Building Products IPO Allotment and Listing also completed and it gave good 37.57% premium on first day itself. Now S Chand and Company Ltd IPO will open for bidding from April 26, 2017 – April 28, 2017. Next IPO can be Housing and Urban Development Corporation Ltd IPO (HUDCO) where its bidding is going to start from May 08, 2017.

S Chand IPO Grey Market Premium (S Chand GMP) started showing movement and currently trading at Rs 120 – Rs 123 per equity share. While HUDCO Grey Market Premium (GMP) also started showing movement and currently trading at Rs 23 – Rs 23.50 per equity share.

Next in the pipeline will be Central Depository Services Ltd IPO (CDSL IPO)  and Continental Warehousing Corporation Ltd IPO (Nhava Seva IPO).

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance, SBI life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

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