The proposed initial public offering (IPO) of the National Stock Exchange (NSE) is set to be one of the most significant events for India's capital markets, according to Dipan Mehta, Director, Elixir Equities. Speaking to ET Now, Mehta said the long-awaited listing would bring greater transparency to the valuation of NSE shares while creating an important wealth-unlocking opportunity for existing investors.
Mehta noted that investors who purchased NSE shares in the unlisted market would finally have access to proper price discovery once the company goes public. "It is a very important event which we have been waiting for a long, long time... investors... may get a proper valuation," he said. He added that the listing would be a positive development for the broader market, saying, "On the whole, it is a great development. And NSE should go ahead and create considerable value for investors."
