Sebi Chief Tuhin Kanta Pandey has some positive news for Lakhs from investors pending NSE IPO

The No Objection Certificate (NOC) for the long-awaited public list will soon be deleted, said Sebi Chief Tuhin Kanta Pandey on Friday while Lakhs from investors are waiting for one of the largest lists on the Indian markets. By tackling a press conference after the board meeting, Pandey said that the approval will be made once all formalities are completed. NSE, with a value of more than RS 5 Lakh Crore, first drove the idea of ​​an IPO almost ten years ago, but the plans have since become regulatory obstacles.

“The NOC will come as soon as the settlement -related procedures are completed. NSE now has a new chairman who will solve some problems,” said Pandey.

Just when NSE prepared for his big offer, Sebi started an investigation into accusations that certain brokers received unfair access to his co-location servers, so that they could have allowed faster transactions than competitors.

Since the last year, the IPO plans have revived IPO plans, this time aimed at a much bigger problem. New management under MD & CEO Ashishkumar Chauhan is currently working with Sebi to clear up problems.

According to a Reuters report, NSE has offered an RS 1,388 Crore scheme to Sebi to resolve the co-location and related disputes.

As soon as Sebi has granted a certificate without an objection, the exchange is expected to be four to five months to prepare fresh IPO papers, followed by two to three months check. If all goes well, analysts expect the mention of NSE in Q4 FY26 (beginning of 2026). Chauhan had previously said that it could take “eight to nine months after the NOC” before the offer materializes.

Financial strength

Unlike many IPO-bound companies, NSE wants to make a list from a position in force. It recommends a market share of 94% in cash shares, 99% in stock indexfutures and 88% in the Equity -Index options premium.

In FY25 the total income rose by 17% on an annual basis to RS 19,177 Crore, while net profit rose by 47% to RS 12,188 Crore. The stock market works with high profitability, with an EBITDA margin of 74% and return on equity of 45%. NSE declared a dividend of RS 35 per share in FY25, including a special one -off payment.

Based on the current non -listed share price of approximately RS 2,050, the market capitalization of NSE is estimated at almost RS 5 Lakh Crore. That would make his IPO one of the largest in the history of the capital market of India.