NSE to Chart IPO Course After Decade-Long Delay

The National Stock Exchange (NSE) board plans to initiate its IPO process on February 6 following regulatory approval from SEBI. Expected to form an IPO committee, the board will outline listing protocols and criteria for appointing necessary advisors. NSE's IPO was stalled since 2016 due to the co-location case.

The board of the National Stock Exchange (NSE) is poised to take a significant step towards an initial public offering (IPO) as they gather on February 6, following the go-ahead from the market regulator, SEBI. Insider sources confirmed that the meeting's agenda includes the establishment of a dedicated IPO committee.

This committee will spearhead the listing procedures, defining critical criteria for appointing merchant bankers and legal advisors essential for drafting the Red Herring Prospectus. The meeting will also serve as a platform to review and approve the exchange's financial results for the recent quarter and nine-month period ending in December 2025.

After a decade-long delay primarily due to regulatory concerns, including the infamous co-location controversy, SEBI has stirred optimism by issuing a no-objection certificate last week. This development is crucial as it revives the IPO plans that had been in limbo since 2016, when the NSE first aimed to raise substantial capital through an offer for sale.