Sebi Chair Confirms Near Approval of NSE IPO This Month

The Chairman of the Securities and Exchange Board of India (Sebi), Tuhin Kanta Pandey, has indicated that the regulatory body is nearing the approval stage for the long-awaited initial public offering (IPO) of the National Stock Exchange (NSE). According to Mr Pandey, this much-anticipated no-objection certificate could be issued within the current month.

The process for the NSE’s IPO has faced significant delays, mainly due to the need for various regulatory clearances since the filing was first submitted in 2016. However, recent developments suggest that the situation has improved following a series of corrective measures taken by the exchange and the resolution of several historical legal issues.

The NSE, which is one of India’s leading stock exchanges, has been seeking to enhance its capital base through this IPO. The listing is expected to foster greater transparency and provide a boost to market confidence in the exchange.

Tuhin Kanta Pandey stated, "We are in the advanced stages of processing the application and anticipate that the approval will soon be granted."

Experts believe that the successful completion of the NSE IPO would not only mark a significant milestone for the exchange but also represent a turning point for the Indian financial markets, signalling a resurgence in initial public offerings as investor sentiment rebounds following previous market fluctuations.