The National Stock Exchange (NSE) has selected Rothschild & Co as the independent advisor to manage its highly anticipated ₹22,500-crore IPO.

France-based Rothschild & Co NSE’s independent advisor for IPO

Rothschild & Co Selected as Independent Advisor for NSE's IPO

The National Stock Exchange (NSE) has appointed Rothschild & Co as the independent advisor to oversee its Initial Public Offering (IPO) process, as per a statement released by the bourse on Thursday.

The France-based financial advisory firm will be responsible for selecting book-running lead managers, legal counsels, and other intermediaries for NSE's public offering.

Key Responsibilities of Rothschild & Co

Developing an objective evaluation framework
Defining clear selection criteria
Managing all stages of the selection process
- Documentation
- Clarifications
- Back-off coordination
- Consolidation of evaluation feedback of internal stakeholders

Regulatory Milestones and Timeline

NSE plans to file the Draft Red Herring Prospectus (DRHP) with the markets regulator by March-April and aims to get listed in 8-9 months.

The company had previously withdrawn its DRHP in 2016 due to investigations on the unfair market access case, also known as the colocation case.

About NSE

NSE is the world's largest derivatives bourse and the third-biggest player in the equity segment in terms of number of trades.

In the quarter ended December, NSE reported a 37% on-year fall in its consolidated net profit at ₹ 2,408 crore and a nearly 10% decline in revenue from operations at almost ₹3,925 crore.