NSE awaits Sebi nod to file fresh DRHP for IPO
Financial Express Mumbai|April 05, 2024
THE NATIONAL STOCK Exchange (NSE) is awaiting an approval from the Securities and Exchange Board of India (Sebi) for filing a new draft red herring prospects (DRHP) for its long-planned initial public offering, Ashishkumar Chauhan, MD & CEO, told reporters on Thursday.
PRIYANSH VERMA

"Sebi has to give approval for the IPO. Once they give the approval, we'll apply for it," Chauhan said.

"BSE took nine years to get approval for an IPO from Sebi...we don't know how long it will take for us (to get it)," the head of the country's largest stock exchange said.

Previously, NSE had submitted an application (DRHP) to Sebi for its IPO in late 2016.

However, due to several pending regulatory issues, and investigations, approval was not granted to proceed with the IPO.

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