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With an objective to facilitate orderly collection of bids through Stock Exchange mechanism, an online bid collection facility shall be available to trading members on existing web based E-IPO platform.

(NSE) that a few news articles regarding the appointment of an individual named Mr Siddharth Kotak as AI Promotion Chairman of NSE were published online by various publishers on their website,” the NSE said on Thursday.

NSE decided to offer this infrastructure for conducting online IPOs through the Book Building process.

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In accordance with the guidelines for the first time in India by any Exchange, National Stock Exchange now provides online reverse book building for promoter/acquirer through its trading network which spans various cities and towns across India.

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