Yes. NSE’s electronic trading network spans across the country providing access to investors in remote areas. NSE decided to offer this infrastructure for conducting online IPOs through the Book Building process. NSE operates a fully automated screen based bidding system called NEAT IPO that enables trading members to enter bids directly from their offices through a sophisticated telecommunication network.
Book Building through the NSE system offers several advantages:
Book Building through the NSE system offers several advantages:
- The NSE system offers a nation wide bidding facility in securities
- It provide a fair, efficient & transparent method for collecting bids using the latest electronic trading systems
- Costs involved in the issue are far less than those in a normal IPO
- The system reduces the time taken for completion of the issue process
