Archive · 12 Jan 2026
NSE IPO Approval Expected Soon
The National Stock Exchange (NSE) in India is likely to get approval from the market regulator, SEBI, to start the process of going public by the end of this month.
This approval, called a no-objection certificate (NoC), is necessary for NSE to prepare and submit its offer document for the initial public offering (IPO).
After receiving the NoC, NSE will need to appoint merchant bankers and lawyers to review the offer documents before submitting them to its board and then to SEBI.
The price of NSE's unlisted shares has been fluctuating, but it rose to around ₹2,050 after the SEBI chairman's comments.
Retail investors have been increasing their shareholding in NSE, while foreign and corporate investors have been reducing theirs.
NSE's IPO is expected to be one of the largest in Indian stock market history.
Meanwhile, BSE shares rose sharply on the news, gaining over 4.5 percent in morning trade.
NSE reported a lower profit in Q2FY26 due to a one-time provision related to settlement applications with SEBI.
SEBI Chairman Tuhin Kanta Pandey announced that NSE is likely to receive a no-objection certificate (NoC) for its IPO by the end of the month.
NSE's unlisted share price rose to around ₹2,050 following the announcement, up from ₹1,875-1,950.
Retail investors' shareholding in NSE increased to 12.12% in Q3FY26 from 9.89% in Q4FY25.
NSE's market capitalization is ₹5.07 trillion, five times that of rival BSE's ₹1.09 trillion.
NSE recognized a provision of ₹1,297 crore in Q2FY26 towards settlement applications related to colocation and dark fibre matters.
- Who
- National Stock Exchange (NSE) and Securities and Exchange Board of India (SEBI)
- What
- SEBI likely to grant NSE a no-objection certificate (NoC) for its IPO by month-end
- When
- Expected by the end of the current month
- Where
- India
- Why
- To allow NSE to proceed with its listing process and IPO
- SEBI Chairman
- Tuhin Kanta Pandey
- NSE's Current Market Capitalization
- ₹5.07 trillion
- BSE's Market Value
- ₹1.09 trillion
- NSE's Unlisted Share Price (Post-Announcement)
- ₹2,050
- Retail Investors' Shareholding in NSE (Q3FY26)
- 12.12%
- Foreign Investors' Combined Holding in NSE (Q3FY26)
- 26.81%
- Corporates' Stake in NSE (Q3FY26)
- 9.82%
- Provision Recognized by NSE (Q2FY26)
- ₹1,297 crore
- Retail Investors Holding NSE Shares
- 1.46 lakh
- NSE's Adjusted Profit (Q2FY26)
- ₹3,396 crore
Sources
NSE's unlisted shares back in focus as Sebi chief says IPO nod likely by month-end
BSE Shares Jump 4.5% On NSE IPO Hopes, Market Eyes Next Major Listing
NSE likely to get approval for IPO this month: SEBI chief
NSE targets filing IPO documents by March-end
BSE, IFCI stocks surge on NSE IPO expectation
