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SEBI Says NSE IPO Nod Is Imminent, NOC Could Come This Month

SEBI points to remediation following governance lapses, including the co-location controversy.

Overview

  • Chairman Tuhin Kanta Pandey said the regulator is at a very advanced stage of issuing the NOC for NSE’s IPO, possibly within this month, without giving a firm date.
  • NSE reapplied for the NOC in August 2024 after years of scrutiny, settled the TAP/network case in October 2024 with a ₹643 crore payment, and strengthened management, its board, and compliance.
  • SEBI is using its AI Sudarshan tool to detect online market violations, leading to more than 100,000 platform takedowns in recent months.
  • To curb investor fraud, SEBI launched SebiCheck on October 1, 2025 for 30‑second verification of bank accounts, UPI handles, and QR codes, and it has asked states to appoint nodal police officers.
  • SEBI signaled no immediate changes to derivatives rules as it studies post‑implementation data from measures phased in October 2024, May 2025, and December 2025.