The National Stock Exchange (NSE) is preparing for its anticipated public listing, expected to occur within the next eight to nine months, contingent upon clearance from the Securities and Exchange Board of India (SEBI).
NSE Managing Director and CEO Ashishkumar Chauhan stated, “NSE had filed for settlement with SEBI in June 2025. Once the No Objection Certificate (NOC) is received, the exchange will require four to five months to prepare its draft red herring prospectus (DRHP), followed by an additional four to five months for SEBI’s review.”
Chauhan made these comments during the launch of the Hindi edition of his biography, “Sthitapragya.”
In June, SEBI Chairman Tuhin Kanta Pandey confirmed that there are no remaining obstacles preventing NSE, the country’s largest stock exchange, from proceeding with its initial public offering (IPO).
NSE’s IPO plans have faced delays spanning over nine years. The bourse first submitted draft documents in 2016, intending to raise ₹10,000 crore through an offer for sale by current shareholders, who aimed to offload 22 percent of their holdings to the public.
However, SEBI did not grant approval due to regulatory concerns regarding governance and issues related to the co-location facilities. Since then, NSE has repeatedly approached SEBI for approval.
In March, SEBI announced the establishment of an internal committee to examine NSE’s IPO, instructing the exchange to resolve all pertinent issues.
Valued at approximately ₹4.7 lakh crore, NSE ranks as the 10th most valuable private company in India, according to the 2024 Burgundy Private Hurun India 500 list, which includes both listed and unlisted companies.
Chauhan also highlighted the importance of consulting with market participants before implementing any changes to the framework concerning derivatives. He remarked that instead of imposing a ban, individuals unable to manage risks should avoid participation, suggesting that discussions should take place to reach a suitable decision.
The information was published on September 25, 2025.
