The National Stock Exchange (NSE) on March 12, 2026, notified regarding the process for the selection of intermediaries for the proposed IPO.
The following has been stated:
• It has completed the selection of merchant bankers, law firms, and other intermediaries for its proposed Initial Public Offering (IPO) through a transparent and competitive process approved by its IPO Committee.
• A total of 20 merchant bankers—including Kotak Mahindra Capital Company Limited, ICICI Securities Limited, SBI Capital Markets Limited, Morgan Stanley India Company Private Limited, and Citigroup Global Markets India Private Limited—have been selected to manage the offering. Eight law firms, such as Cyril Amarchand Mangaldas, Khaitan & Co, and AZB & Partners, along with other intermediaries, will assist in regulatory filings, due diligence, documentation, marketing, and execution of the IPO.
• With the completion of this selection process, the engagement of Rothschild & Co India Private Limited as the process advisor for appointing IPO intermediaries has concluded.
