Overview

• The National Stock Exchange (NSE) has formally applied for a No Objection Certificate (NOC) from SEBI to advance its IPO process, pending regulatory clearance.
• SEBI Chair Tuhin Kanta Pandey stated that all remaining governance and compliance issues, including co-location access and management compensation, are being actively addressed.
• The IPO, initially proposed in 2016, has faced delays due to regulatory scrutiny and governance concerns, including NSE's ownership in its Clearing Corporation.
• Even after SEBI's approval, the listing process is expected to take at least a year under an accelerated timeline, as per industry estimates.
• NSE remains India’s largest stock exchange by trading volume, holding dominant market shares across equity futures, cash, and derivatives segments, reflecting its critical role in the financial ecosystem.