Major update on NSE IPO: SEBI to issue NOC, NSE CEO reveals timeline for public issue

News Topical, Digital Desk : The National Stock Exchange (NSE) IPO has been anticipated since last year. A major update has arrived regarding the NSE's public issue. In fact, SEBI Chief Tuhin Kanta Pandey said on January 16 that the NOC (No-Objection Certificate) for the NSE's IPO would likely be issued by the end of this month. 

"It has already been reported that the NOC (for the NSE IPO) will probably be given by the end of this month," Tuhin Kanta Pandey said at an event. IFCI currently holds an effective, indirect stake of about 2.35% in the NSE through majority ownership in Stock Holding Corporation of India (SHCIL).

SEBI has expressed its consent for the settlement

Earlier, the Sebi chief had said, "In principle, we have agreed to the settlement," raising the possibility that a major regulatory hurdle for NSE's long-delayed initial public offering has been cleared.

Earlier, Tuhin Kanta Pandey had stated that the process is in an advanced stage. After receiving the NOC, NSE will be able to take formal steps for listing, including filing its offer documents.

How much time will it take for the IPO to come after getting the NOC?

Speaking at the Samvad 2026 event, NSE MD and CEO Ashish Chauhan said, "After receiving the written no-objection certificate, the IPO will take at least 6-8 months." Ashish Chauhan added, "After receiving the NOC, it will take 3-4 months to prepare the DRHP. The SEBI review and query process may take another 2-4 months."

If NSE's valuation exceeds Rs 5 lakh crore, IFCI's effective stake in NSE through SHCIL will be worth around Rs 13,000 crore, a significant amount compared to IFCI's own market capitalisation of Rs 16,400 crore.

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