NSE IPO
NSE yet to file draft prospectus for proposed IPO, says SEBI's Varshney
This story was originally published at 16:40 IST on 21 August 2025
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NEW DELHI - The National Stock Exchange of India Ltd. has, as of date, not filed the draft red herring prospectus for its proposed initial public offering, Securities and Exchange Board of India Whole-Time Member Kamlesh Chandra Varshney said Thursday. Varshney was responding to a questioner at a session in a capital markets conference in Mumbai organised by the Federation of Indian Chambers of Commerce & Industry. The questioner wanted to know when SEBI would give a green signal to the exchange for its initial public offering.
In a conference call with investors and analysts on Jul. 30 after releasing the NSE's June quarter earnings, Chief Financial Officer Ian De Souza had said the exchange had written to SEBI "in terms of compliances on earlier letters" that the exchange had received from the regulator "on the subject of NOC (no-objection certificate) for IPO". De Souza had said that in the NSE's opinion, it had "cleared all the observations that SEBI had and questions have been given answers to". According to him, the NSE is waiting for a final observation from SEBI on its application for the no-objection certificate for its public issue. End
Reported by Rajesh Gajra
Edited by Rajeev Pai
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