Market gears up for NSE, Jio IPOs

DOMESTIC capital market is gearing up for two of its largest initial public offerings (IPOs) as Jio Platforms and National Stock Exchange (NSE) have filed draft red herring prospectuses (DRHP) with market regulator SEBI this week to raise a combined roughly $7 billion.

- ARSHAD KHAN

The sheer size of the two IPOs, coming on the heels of blockbuster SpaceX listing in the US market, has created strong buzz among investors, given that both companies are dominant players in their respective markets and have seen strong growth in the last couple of years. Experts believe Jio and NSE have the potential to deliver strong returns to investors in the long run. They also cited that listing gains will largely depend on how attractive the two IPOs are priced.