The National Stock Exchange (NSE) is awaiting approval from the capital markets regulator Sebi to kickstart the much-awaited Initial Public Offering (IPO) process, its MD and CEO Ashishkumar Chauhan said.
Additionally, he said that retail investors should avoid trading in the high-risk-derivatives and, only informed investors should get into such markets.
According to a Sebi study in the past, nine of the 10 traders lose money in derivatives trades. When asked about NSE’s IPO plans, Chauhan on Thursday said,” We will submit a revised Draft Red Herring Prospectus (DRHP) as and when we get approval from Sebi”.
The rival of NSE, BSE ( formerly Bombay Stock Exchange), launched its IPO in 2017 and is currently listed on the NSE.
Notably, Chauhan was the CEO of BSE during its listing. The NSE’s listing plans were on the back-burner following a probe by Sebi against the exchange and some of its former executives over the alleged governance lapses.
It was alleged that the exchange misus
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