NSE IPO: Board To Meet On Friday To Constitute IPO Panel; Key Details

No image 5paisa Capital Ltd - 1 min read

Last Updated: 5th February 2026 - 02:41 pm

Summary:

The board of the National Stock Exchange will meet on February 6 to initiate steps for its proposed IPO after receiving a no-objection certificate from the Securities and Exchange Board of India. The board is expected to form a dedicated IPO committee, review financials, and outline the process for appointing merchant bankers and legal advisors for filing the draft red herring prospectus.

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The board of the National Stock Exchange of India is scheduled to meet on Friday, February 6, to begin formal preparations for its long-pending initial public offering. The meeting follows the receipt of a no-objection certificate from Securities and Exchange Board of India, clearing the path for the exchange to move ahead with listing plans.

IPO Committee To Be Formed

During the meeting, the board is expected to constitute a specialised IPO committee. The panel will oversee the listing process and act as the central authority for execution. Its responsibilities are likely to include:

  • Finalising IPO procedures
  • Setting criteria for selecting merchant bankers
  • Appointing legal advisors
  • Guiding preparation of the draft red herring prospectus

NSE Financial Results Review

The board will also review and approve the exchange’s unaudited financial results for the December quarter and nine months ended December 2025. These numbers may form the basis for the draft filing, depending on timelines.

Background To Listing

The exchange’s IPO plans have remained on hold since 2016. Regulatory concerns and the co-location matter delayed approvals over the past decade. Last week, SEBI issued a no-objection certificate after progress on settlement of legacy cases, allowing the process to move forward. The proposed issue is expected to be an offer for sale by existing shareholders.

Timeline Expectations

Based on regulatory norms and past disclosures:

  • Draft prospectus filing may happen by March-end or early April
  • Final listing could follow several months after regulatory clearance

NSE currently has around 1.7-1.9 lakh shareholders. Market estimates suggest the proposed IPO could be among the largest listings in India’s capital markets, depending on offer size and valuation.

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Krishca Strapping Solutions Limited

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  • Date Range 23 Oct- 27 Oct’23
  • Price 23
  • IPO Size 200