After a nail-biting wait spanning over a decade, NSE has received SEBI’s go-ahead to revive its stalled IPO. CEO Ashish Chauhan shared timelines in a candid New Delhi chat with IANS: expect the Offer for Sale (OFS) component alongside a DRHP in 3-4 months.
The approval washes away shadows of past woes, including governance red flags and the co-location probe that gripped headlines. Chauhan didn’t mince words: “Ten years on, SEBI’s consent fills us with gratitude.”
NSE’s 1.91 lakh shareholder base stands to benefit, with parallel tracks for DRHP finalization and OFS eligibility checks. Interested holders can liquidate stakes through this mechanism.
Echoing the sentiment, Chairperson Iyntra called it a growth catalyst, opening value creation avenues and affirming NSE’s pivotal market role. Listing pursuits since 2016 faced setback after setback amid investigations.
SEBI Chairman Tuhin Kanta Pandey’s recent overtures had primed the pump for positivity. Now, with hurdles cleared, NSE sharpens focus on IPO architecture and deadlines.
This IPO arrives at an opportune moment, with buoyant markets and NSE’s unmatched trading supremacy. Analysts project blockbuster subscriptions, mirroring BSE’s success. For shareholders, it’s a liquidity windfall; for India Inc., a capital market milestone. The countdown to NSE’s public market rendezvous begins.