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SEBI Backs NSE Settlement as NOC Nears, Clearing Path to IPO

A new 2.5% minimum float for mega listings further eases the bourse’s route to market.

Overview

  • SEBI chief Tuhin Kanta Pandey said the regulator has agreed in principle to NSE’s settlement of co-location and dark-fibre unfair-access cases.
  • The watchdog is in the final stages of issuing a no‑objection certificate that would unblock the IPO process.
  • The government has approved allowing companies valued above Rs 5 trillion after listing to sell just 2.5% in an IPO, with a notification expected soon.
  • NSE’s settlement applications total about Rs 1,387 crore, with roughly Rs 1,297 crore already provisioned by the exchange.
  • NSE is engaging bankers and law firms with a reported goal of filing draft papers by end‑March, though formal mandates and a market debut hinge on the NOC and could take months per the CEO.