Mega NSE IPO coming as Sebi approves Rs 30,000 crore public offer

Sebi has approved NSE's Rs 30,000 crore IPO, entirely an offer-for-sale of up to 14.89 crore shares by SBI and other existing shareholders, with a face value of Rs 1. NSE trades in the unlisted market at around Rs 1,975-2,000 per share, implying a valuation of roughly Rs 5 lakh crore, making it one of the biggest IPOs of the year. The approval removes the co-location regulatory overhang after the Supreme Court dismissed Sebi's appeal against NSE.