KuberGrow Team The National Stock Exchange (NSE) is now under consideration with reference to its much-anticipated initial public offering (IPO) to be launched into the market. The exchange has made an official application with the Securities and Exchange Board of India (SEBI) for the issuance of a no objection certificate (NOC) thus proceeding with the listing on the Bombay Stock Exchange (BSE).
NSE IPO has been the talk of the town in almost every financial sector in many countries. The latest application is just the most recent iteration in the exchange’s segmentation attempt to acquire the much-needed regulatory approval. NSE has repeatedly filed multiple applications with SEBI in this regard- one amongst which was filed way back in 2019, and two subsequent applications in 2020 and in 2024. SEBI, however, asserts that the approval is being delayed due to several issues such as co-location-related legal proceedings pending and other compliances on technical issues and as it is also essential to reduce NSE’s holding in clearing subsidiary NSE Clearing.
Tuhin Kanta Pandey, the recently appointed SEBI chairman, has renewed optimism that the IPO process will at least move forward. In response to questions from the media on the NSE IPO, Pandey promised that the regulator would look into the outstanding issues and decide how to proceed.
The SEBI NOC must be completed before the NSE submits the Draft Red Herring Prospectus (DRHP), the most important stage in the IPO procedure. If accepted, the NSE’s listing on the BSE would be a historic moment that would open up the financial world for India and provide enormous value to stockholders.
Investors and market players are closely examining SEBI’s decision, questioning whether this latest effort will actually lead to the much-awaited public showing of India’s largest stock exchange.
