And then there were two: The NSE IPO

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Hello, folks. You're tuned into Finshots Daily. In today's episode, we break down the business behind the long-awaited NSE IPO. Before we begin, here's a quick word from Team Ditto. Life has a way of surprising us, and not always in a good way. Sometimes it's a sudden illness or an unexpected hospital visit that can shake up everything. In India, families still pay about thirty-nine percent of medical expenses directly from their own pockets, and just one hospital stay can wipe out years of savings. The easiest way to protect yourself is by getting a good health insurance plan. It's way cheaper than footing one huge bill. And if you're unaware where to start, book a free call with Ditto. No spam, just honest jargon-free guidance. Trusted by over eight lakh people for their health and term insurance needs. The link is in the description. Now back to the story. After years of delays, regulatory scrutiny, and legal hurdles, the National Stock Exchange has filed its draft red herring prospectus or DRHP, bringing one of India's most anticipated IPOs a step closer to reality. And on the face of it, the excitement is understandable. NSE sits at the center of India's financial system. It dominates trading volumes across equities and derivatives, benefits from powerful network effects, and generates the kind of profitability most companies can only dream of. Every time you place an order through a broker like Zerodha or Groww, that order is routed to an exchange, typically