Can NSE IPO, Jio Platforms IPO impact liquidity in the Indian stock market?
New Delhi, June 22 -- India's primary market is set to witness two of its biggest public offerings as Jio Platforms and the National Stock Exchange (NSE) move ahead with their much-awaited IPO plans.
Jio Platforms, the digital services arm of Reliance Industries, filed its Draft Red Herring Prospectus (DRHP) on Friday for an IPO that could raise around $4 billion (approximately Rs.37,700 crore), making it the largest public issue in Indian market history. The proposed issue comprises a fresh issue of up to 27 crore equity shares, representing about 2.9% of the company's post-issue equity capital, and values Jio Platforms at nearly $137 billion.
Meanwhile, NSE, India's largest stock exchange, filed its DRHP with the market regulator, SEB...
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