AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.00 Decreased By ▼ -0.53 (-0.41%)
BOP 6.76 Increased By ▲ 0.08 (1.2%)
CNERGY 4.50 Decreased By ▼ -0.13 (-2.81%)
DCL 8.70 Decreased By ▼ -0.24 (-2.68%)
DFML 41.00 Decreased By ▼ -0.69 (-1.66%)
DGKC 81.30 Decreased By ▼ -2.47 (-2.95%)
FCCL 32.68 Decreased By ▼ -0.09 (-0.27%)
FFBL 74.25 Decreased By ▼ -1.22 (-1.62%)
FFL 11.75 Increased By ▲ 0.28 (2.44%)
HUBC 110.03 Decreased By ▼ -0.52 (-0.47%)
HUMNL 13.80 Decreased By ▼ -0.76 (-5.22%)
KEL 5.29 Decreased By ▼ -0.10 (-1.86%)
KOSM 7.63 Decreased By ▼ -0.77 (-9.17%)
MLCF 38.35 Decreased By ▼ -1.44 (-3.62%)
NBP 63.70 Increased By ▲ 3.41 (5.66%)
OGDC 194.88 Decreased By ▼ -4.78 (-2.39%)
PAEL 25.75 Decreased By ▼ -0.90 (-3.38%)
PIBTL 7.37 Decreased By ▼ -0.29 (-3.79%)
PPL 155.74 Decreased By ▼ -2.18 (-1.38%)
PRL 25.70 Decreased By ▼ -1.03 (-3.85%)
PTC 17.56 Decreased By ▼ -0.90 (-4.88%)
SEARL 78.71 Decreased By ▼ -3.73 (-4.52%)
TELE 7.88 Decreased By ▼ -0.43 (-5.17%)
TOMCL 33.61 Decreased By ▼ -0.90 (-2.61%)
TPLP 8.41 Decreased By ▼ -0.65 (-7.17%)
TREET 16.26 Decreased By ▼ -1.21 (-6.93%)
TRG 58.60 Decreased By ▼ -2.72 (-4.44%)
UNITY 27.51 Increased By ▲ 0.08 (0.29%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,450 Increased By 43.4 (0.42%)
BR30 31,209 Decreased By -504.2 (-1.59%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

The National Stock Exchange of India (NSE) expects to see a good number of initial public share offers (IPOs) this year across a variety of sectors, its chief executive Chitra Ramkrishna said on Tuesday.
"Last year we had a good conversion rate from those that had done the preparatory work, and this year's pipeline looks promising from the perspective that they will come to market," Ramkrishna said, adding that she expects to see the number of IPOs to be anything between "a dozen and a couple of dozen easily".
These are all expected to be in the $100 million to $500 million bracket, and could come in a diverse range of sectors, including services, bio-pharma or medical, engineering or automotives, she said.
The NSE, whose flagship index is the Nifty50, has come under pressure from shareholders to list itself. It set up a committee in late February to examine various options , including a foreign listing.
It is currently barred from listing on its own platform by the Securities and Exchange Board of India (SEBI), the local capital markets regulator.
One alternative would be to list on its rival, the Bombay Stock Exchange, but this is not seen as desirable. The NSE's stance is that an exchange should not be regulated by a competitor.
Ramkrishna said she expected to hear back from the committee "pretty soon".
"It's in everyone's interests to do it at the earliest," she said.
The NSE is owned by a set of banks, insurance companies and other financial institutions, including Life Insurance Corporation of India (LIC) and State Bank of India (SBI).

Copyright Reuters, 2016

Comments

Comments are closed.