NSE IPO: Explained | What is an 'observation letter' issued by Sebi as regulator okays ₹30,000 cr much-awaited issue

Sebi issued final observations for the NSE's IPO on September 4, allowing the exchange to proceed with its long-awaited public offering. The IPO will consist of a 149-million-equity-share offer, with market estimates valuing it at around ₹30,000 crore.