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Future Plan, In The Name of Trust!
Sebi likely to approve NSE IPO this month, says chief Tuhin Kanta Pandey
SEBI chief signals green light for long‑awaited NSE IPO, NOC likely this month
The much‑awaited initial public offering (IPO) of the National Stock Exchange (NSE) appears closer than ever, with SEBI Chairman Tuhin Kanta Pandey indicating that a crucial regulatory clearance could come as early as this month. Speaking to the media, Pandey said the Securities and Exchange Board of India is at a “very advanced stage” of issuing a no‑objection certificate (NOC) for the NSE IPO, adding that the go‑ahead “may be done within this month,” while still stopping short of giving a firm listing date.
The NSE, India’s largest stock exchange and one of the top global derivatives exchanges, has been pursuing a public listing for nearly a decade. Its IPO plans were delayed by governance concerns and the high‑profile co‑location controversy, but the exchange significantly cleared the regulatory overhang in October 2024 by settling SEBI proceedings, paying about ₹643 crore and implementing a series of compliance and governance reforms. Pandey had earlier remarked that “no obstacle will remain” for the NSE IPO once the pending legal and regulatory issues were resolved, signalling that the road to listing was gradually being cleared.
With the NOC now said to be in the final stages, market participants expect NSE to revive and update its offer documents and begin the formal listing process once SEBI’s clearance is in hand. While there is still no official timeline for the actual public issue, the chairman’s latest comments have reignited investor interest in what is widely seen as one of India’s most significant and long‑pending capital market listings.