Sources have told CNBC-TV18 that the exchange is likely to file its draft red herring prospectus (DRHP) before the end of June this year, with preparatory work currently underway.
The exchange has hired a record 20 merchant-bankers for the IPO as it plans to offer 4-5% of its stake through an offer-for-sale.
CNBC-TV18 has reached out to the exchange for a response, which is awaited.
Earlier, CNBC-TV18 had reported that the exchange is considering diluting a 4-5% stake via an offer-for-sale in its IPO. This could make it one of the largest public issues in the country, with the issue size expected to exceed ₹20,000 crore.
Last month, the exchange said it had appointed 20 merchant-bankers for the IPO, the highest-ever for an Indian public issue. Eight law firms have also been selected to advise on regulatory, documentation, and compliance-related aspects.
The IPO committee, chaired by Srinivas Injeti, approved the appointments following a structured, transparent, and competitive evaluation process.
