NSE expects to be listed by FY19

kolkata — National Stock Exchange of India Limited (NSE) is hoping to launch its initial public offering in the current fiscal year after resolving all related issues, an official said on Thursday.

The bourse is also considering tweaking its SME platform to create a segment for the start-up community, the official said.

“We will get the issues resolved and it will be behind us. My hope is we will be able to list this fiscal,” NSE managing director and CEO Vikram Limaye said. He said the Indian listing environment is now very different from what it was 10 years ago. Startups in the technology sphere that want list now have credible options.

“My hope is over [the] next 12-24 months, there will be more technology listings in India,” he said at an interactive session organised by the Indian Chamber of Commerce.

“There was a dedicated platform for technology listing which has not really picked up... we are looking into what can be done to facilitate listings from regulatory perspective and how that platform can be made,” he said.

“Star-ups can also be listed on [an] SME exchange depending on the nature of startups. One of the things that we are looking at is rather than having one more platform, [whether it] is possible to create a segment in NSE Emerge, which has potentially some additional tweaking of the regulations that cater to start-up community.” —