NSE IPO may get SEBI approval this month: The public issue of the country’s largest stock exchange has been stuck for almost 10 years.

Market regulator SEBI can give the necessary ‘No Objection Certificate’ (NOC) to the National Stock Exchange (NSE) this month to launch its public issue. SEBI Chairman Tuhin Kant Pandey gave this indication while talking to journalists in Chennai on Saturday.

Tuhin Kant said that the regulator is in a very advanced stage of issuing NOC and this work can be completed this month. Once approved, the exchange will be able to start the process of filing its draft paper (DRHP).

IPO stuck since 2016, co-location dispute was the hurdle

NSE first submitted draft papers for its IPO in December 2016. At that time the exchange was preparing to raise about Rs 10,000 crore. However, during this time the ‘co-location’ scam came to light.

The allegation was that some specific brokers were given early access to the exchange’s servers, due to which they earned unfair profits.

Due to this controversy and long legal battle, SEBI had banned the IPO. In August last year, NSE had again applied for NOC.

NSE paid Rs 643 crore to resolve the dispute

NSE has taken several major steps in the last few months to ease the path to IPO. In October 2024, the exchange had paid a penalty of Rs 643 crore to SEBI to resolve the matter related to ‘Trading Access Point’ (TAP).

Apart from this, the exchange has also set aside a provision of about Rs 1,300 crore for the settlement of old cases related to co-location and dark fiber.

As per the regulator’s terms, the exchange has also made significant changes in its management and board structure.

NSE IPO expected to be listed by next year

NSE MD and CEO Ashish Kumar Chauhan had recently said that he is hopeful that the exchange will be listed on Dalal Street by the new Samvat (2082).

After getting NOC from SEBI, NSE will have to file a new Draft Red Herring Prospectus (DRHP) again.

Market experts believe that NSE’s IPO could be one of the biggest issues in the country so far, because its market valuation is very high.

NSE is the world’s most active derivatives exchange.

NSE is not only India’s largest stock exchange, but it is also the world’s most active derivatives exchange. In the last few years, the number of retail investors in the Indian stock market has increased rapidly.

The direct benefit of which has been seen in the revenue and profits of NSE. The net profit of NSE in the first half of the financial year 2026 has been around Rs 6,320 crore.