SEBI ‘close’ to approving NSE's long-awaited IPO, says chairman Pandey

The Securities and Exchange Board of India (SEBI) is reportedly on the verge of approving the draft papers for the National Stock Exchange’s (NSE) highly anticipated initial public offering (IPO), according to Chairman Tuhin Kanta Pandey. Pandey made this statement during an event marking 30 years of NSE Clearing, adding that the regulator is still deliberating on the permitted to trade category for NSE shares on its platform.

It is anticipated that the IPO could be announced as early as next month upon SEBI's final approval. In June, NSE submitted its draft documents to SEBI for an offer for sale encompassing up to 148.9 million equity shares, representing nearly 6% of NSE's paid-up capital, with no fresh issue element. Currently valued at approximately Rs 5 lakh crore in the unlisted market, this IPO is projected to be one of the largest by size, at around ₹30,000 crore.

Furthermore, SEBI is also focusing on streamlining settlement, margin, and risk-management provisions for clearing corporations, as well as simplifying periodic filings and operational procedures.