National Stock Exchange of India Appoints IPO Intermediaries
Analysis based on 12 articles · First reported Mar 12, 2026 · Last updated Mar 13, 2026
The appointment of numerous intermediaries for the National Stock Exchange of India's IPO signals significant progress towards its public listing, which is expected to generate considerable interest in the Indian capital markets. This move could lead to increased liquidity and investment opportunities within the financial services sector.
The National Stock Exchange of India (National Stock Exchange of India) has taken a major step towards its long-awaited initial public offering (IPO) by appointing 20 merchant bankers, eight law firms, and other intermediaries. This decision, approved by the National Stock Exchange of India's IPO committee chaired by Srinivas Injeti, follows the board's earlier approval and a no-objection certificate from the India===Securities and Exchange Board of India. The IPO will be an offer-for-sale by existing shareholders, with no fresh issue of shares. The large number of intermediaries, including prominent firms like Kotak Mahindra Bank===Kotak Mahindra Capital Company, JPMorgan Chase===J.P. Morgan & Co., and Cyril Amarchand Mangaldas, reflects the expected scale and complexity of the share sale. Rothschild & Co, which served as the process advisor for the selection, has concluded its engagement.
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