Overview
- The no‑objection certificate allows NSE to appoint merchant bankers and law firms and to prepare its Draft Red Herring Prospectus for SEBI review.
- CEO Ashish Chauhan says the DRHP will take about 3–4 months to prepare, with a further 2–4 months for regulatory queries, targeting a potential listing in roughly 6–9 months.
- The flotation will be a pure offer for sale by existing shareholders, with no fresh capital to be raised by the exchange.
- Reports and market commentary place NSE’s unlisted valuation near Rs 5 lakh crore, positioning the deal among India’s largest prospective listings.
- The restart follows settlements and in‑principle agreements tied to legacy co‑location and network cases, with legal experts stressing full disclosure of pending matters and risks in the IPO documents.