National Stock Exchange Selects 20 Investment Banks, 8 Law Firms for Mega IPO Programme

National Stock Exchange of India Limited (NSE) Selects Merchant Bankers and Law Firms for IPO

On March 12, NSE concluded the process for selecting merchant bankers, law firms, and other intermediaries for its proposed Initial Public Offering (IPO). The selection process was carried out in accordance with the framework and evaluation methodology approved by NSE's IPO Committee and was conducted through a structured, transparent, and competitive process.

Selected Merchant Bankers

The following 20 merchant bankers have been selected for the IPO process:

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• 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
• Equirus Capital Private Limited

Selected Law Firms

The following 8 law firms have been selected for the IPO process:

• Cyril Amarchand Mangaldas
• Khaitan & Co
• Latham & Watkins LLP
• Sidley Austin Singapore Pte. Ltd.
• AZB & Partners
• S&R Associates
• Shardul Amarchand Mangaldas & Co
• Trilegal

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This selection process marks a significant milestone in NSE's IPO plans, with the bourse expected to announce further details in the coming weeks.