NSE IPO: Exchange didn't move an application to trade on its own platform, says CEO Ashish Chauhan

NSE is set to launch its IPO on September 17, with anchor investors opening on September 16 and listing expected on September 24. The issue will be entirely an offer for sale, with the size reduced to about 12.64 crore shares, valuing the exchange at around Rs 4.4 lakh crore at the upper end and raising about Rs 22,500-23,500 crore. CEO Ashish Chauhan said NSE did not move an application to list its shares on its own platform to avoid governance and conflict-of-interest concerns, with the price band expected around Rs 1,700-1,785 per share.