NSE IPO Inches Closer as SEBI NOC Nears, CEO Confirms

The National Stock Exchange (NSE) has taken a significant step toward its much-anticipated Initial Public Offering (IPO). NSE Managing Director and CEO Ashish Chauhan said on Tuesday that the exchange will begin drafting its Draft Red Herring Prospectus (DRHP) once it formally receives a No Objection Certificate (NOC) from market regulator SEBI.

His remarks come shortly after SEBI granted in-principle approval for the NSE IPO, fuelling optimism that the long-stalled listing process is finally picking up pace after years of regulatory delays.

NSE CEO Ashish Chauhan Comments on IPO Update

As per news reports, Chauhan clarified that the next phase of the IPO process hinges entirely on SEBI’s final clearance. “Once the NOC from SEBI is received, both officially and in documentation, we will start work on the DRHP,” he said.

According to Chauhan, preparing the DRHP and related paperwork, including documents for an Offer for Sale (OFS), could take around three to four months. From there, the overall IPO process may span eight to nine months, subject to regulatory approvals. He added that a definitive timeline would only be shared after NSE formally receives the NOC.

SEBI’s Remark on NSE IPO

SEBI Chairman Tuhin Kanta Pandey recently stated that the regulator is at an advanced stage of issuing the NOC for the NSE IPO. His comments indicate that most regulatory hurdles have been addressed, clearing the way for the exchange to move forward with its listing plans.

SEBI’s in-principle approval is being viewed as a strong positive signal for NSE, which has been seeking permission to go public for nearly a decade.

Also Read: Upcoming IPO: Kanohar Electricals Files DRHP with SEBI to Raise Up to ₹300 Crore

What's Next for NSE IPO?

Once SEBI issues the final NOC, NSE will begin preparing its DRHP and other mandatory documents. Based on the CEO’s timeline, the IPO is still several months away. For now, the spotlight remains firmly on SEBI’s final approval, an outcome that will determine when India’s largest stock exchange can finally make its long-awaited debut on the stock market.

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