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News Topical, Digital Desk : SEBI Chairman Tuhin Kant Pandey has made a big statement regarding NSE's IPO. He said that SEBI's NOC (No Objection Certificate) will be issued soon for NSE's IPO. SEBI Chairman said that many issues related to NSE are being resolved after the new chairman took charge. Due to this, the process of NSE IPO is expected to speed up in the Indian capital market. Earlier, NSE CEO Ashish Chauhan had said in a recent interview that the stock exchange can do its listing in the next 8-9 months, provided the necessary No Objection Certificate (NOC) is received from market regulator SEBI.
He told CNBC-TV18, "Once we get the NOC from SEBI, which is the minimum requirement for us as a regulated entity, we will prepare the DRHP in about 4 months. Then we will file it with SEBI, which will look at it in about 4 months and ask if there are any questions." Chauhan also said that work is already underway in this direction, as NSE first filed its DRHP in 2016.
Why is the IPO getting delayed? NSE's IPO has been delayed by about 9 years. The exchange first filed draft papers in 2016. NSE had applied for NOC from SEBI in November 2019, twice in 2020 and then in August 2024. However, the NOC was delayed due to some issues, including co-location and dark fiber related matters.
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