NSE IPO: Will it lead to another round of valuations reset? 6 stocks at core of every transaction in stock market and mutual funds

The NSE, the biggest player of the Indian stock market ecosystem, is soon likely to be coming out with its initial public offering (IPO). There cannot be any doubt about the demand for its shares.The bigger question: Will the listing of the NSE have an impact on the valuation matrix of other players of the stock market and the mutual fund transaction ecosystem? Will the NSE listing push up their valuations? The answer to this question lies in understanding the business structure of these sets of companies.