SEBI Clears Final Hurdle: NSE IPO Gets No-Objection Certificate, Paving Way for Historic Listing

SEBI has issued a no‑objection certificate for the National Stock Exchange’s initial public offering, removing a key regulatory hurdle and allowing the exchange to move closer to finalising the IPO structure and timing, as per The Economic Times report. 

SEBI Approval Enables NSE IPO Progress 

The regulator’s clearance marks a significant step for India’s largest stock exchange. NSE is expected to file its draft listing papers by the end of March and is currently consulting investment banks and law firms to finalise the prospectus and gauge investor appetite. 

Background of NSE Listing Efforts 

Since 2016 the exchange has pursued a public listing but faced delays due to probes into its co‑location facility and broader governance concerns. The matter remains before the Supreme Court, and last year NSE offered to settle the issue by paying ₹1,387 crore. 

Read More: boAt IPO Deferred Again Amid Market Review Despite SEBI Approval! 

Recent Financial Performance 

In the September quarter NSE reported a 33% decline in profit after tax, while consolidated revenue from operations fell 18% compared with the same period a year earlier, underscoring sensitivity to regulatory and market conditions. 

Conclusion 

SEBI’s no‑objection clears a major regulatory obstacle for the NSE IPO, enabling the exchange to advance its listing plans amid strong market interest and a sizeable unlisted investor base, while recent financial results highlight earnings volatility. 

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