Private EquityScreenerRefer

MARKET INSIGHTS

  • EventsNEWPrivate market milestones
  • NewsPrecize daily pulse
  • BlogsIn-depth articles and opinions

GUIDES

Explore Now
  • Unlisted SharesStep-by-step · KYC
  • BuyingStep-by-step · KYC
  • SellingExit in 24 - 48 hours
  • Pre-IPOReturns · risks · case studies
  • Tax GuideBudget 2026 changes
  1. Home
  2. Unlisted share news
  3. NSE seeks NoC from Sebi to launch IPO

NSE seeks NoC from Sebi to launch IPO

29 Aug 2024

Add as preferred source
Key Takeaways

NSE's IPO progress is promising but depends on resolving ongoing legal and regulatory challenges.

NSE's IPO progress is promising but depends on resolving ongoing legal and regulatory challenges.

NSE limited unlisted shares

National Stock Exchange (NSE)

DRHP filed0.00%

Expert Analysis

NSE Seeks SEBI NoC for IPO.

Expert Analysis:

  • Reapplication for IPO: NSE has reapplied for a 'no-objection' certificate with SEBI, advancing towards its long-pending IPO.

  • Regulatory and Legal Issues: NSE faced a Rs 1,100 crore fine in April 2019 for non-compliance.

  • SEBI Approval and Legal Status: NSE has received SEBI approval to increase share capital and issue bonus shares in a 4:1 ratio; the co-location case is pending in the Supreme Court, with the next hearing on September 3.

  • IPO Size: The IPO could raise Rs 28,000-30,000 crore, making it the largest since LIC's Rs 21,000 crore and Paytm's (Rs 18,300 crore) offering.

Publisher:Business Today