Mumbai, June 18 -- The National Stock Exchange (NSE) has appointed a record 20 Book Running Lead Managers (BRLMs) or Merchant Bankers for its proposed Rs 30,000 crore initial public offering (IPO), underscoring the scale and significance of what is expected to be India's largest public issue.

According to the DRHP, the proposed IPO will be structured entirely as an Offer for Sale (OFS), involving up to 111.42 million equity shares by existing shareholders. As the issue is an OFS, the proceeds from the share sale will accrue to the selling shareholders, while NSE itself will not receive any fresh capital from the offering.

The list of merchant bankers mentioned in NSE's Draft Red Herring Prospectus (DRHP) for its long-awaited public list...