The National Stock Exchange has opened its initial public offering for subscription, a share sale valued at $2.3 billion, according to VCCircle. The BBC describes the listing as a mega share sale by India's largest stock exchange.
The offering has drawn scrutiny over its pricing, with Finshots raising the question of whether the IPO is fairly valued. Forbes India framed the issue differently, asking whether NSE's dominant position in the market could work against it.
Separately, the head of the Securities and Exchange Board of India said the regulator has not received any proposal from NSE seeking approval to trade on its own platform, The Hindu reported.
The subscription window is now open, and the pricing debate around the issue remains unresolved. What to watch next: how the offer is received through the subscription period, and whether SEBI addresses the question of NSE trading on its own venue.