Rothschild to lead NSE to IPO, bank pitches in 3 weeks

The National Stock Exchange of India Ltd (NSE) has hired Rothschild & Co. as an advisor to lead the company to an IPO, the bourse told Mint in a response to an emailed query.

- Agnidev Bhattacharya

Advisors from Rothschild will be guiding NSE on various processes like running a beauty parade, and hiring legal counsel for the IPO, the statement said.

A beauty parade is the process by which a listing-bound company interviews and selects investment banks for its offering.

Rothschild's responsibilities will include "developing an objective evaluation framework, defining clear selection criteria, and managing all stages of the selection processfrom documentation and clarifications to back off coordination and consolidation of evaluation feedback of internal stakeholders," the NSE statement read.