NSE IPO, April 10 -- The much-awaited initial public offering (IPO) of National Stock Exchange of India (NSE) is moving closer. The proposed issue, which could raise over Rs.20,000 crore, is expected to be one of the largest public offerings in India. As per a recent report, the bourse is likely to file its draft red herring prospectus (DRHP) with SEBI in June.

Unlike a typical IPO, where investors can directly apply for shares, this offering follows a different route. The structure and regulatory requirements mean participation is restricted at this stage, making it important for investors to clearly understand how the process works and whether they qualify.

The IPO is entirely structured as an offer-for-sale (OFS), which means only ex...