SEBI Chairman Tuhin Kanta Pandey has provided the clearest indication yet regarding the National Stock Exchange's initial public offering timeline, suggesting that regulatory approval may be imminent. Speaking to ET NOW, Pandey stated that the no-objection certificate for NSE's IPO "can be expected from SEBI very soon."

Regulatory Progress on NSE Listing

The chairman's comments represent a significant development in NSE's journey toward becoming a publicly listed entity. The Securities and Exchange Board of India has been reviewing the exchange's IPO proposal, and Pandey's statement suggests that the regulatory evaluation process is nearing completion.

Significance for Indian Capital Markets

The potential approval of NSE's IPO would mark a historic moment for India's financial markets. As one of the country's premier stock exchanges, NSE's public listing has been anticipated by market participants and investors alike. The exchange's IPO would allow public investors to own shares in the institution that facilitates trading for millions of market participants.

Current Status

Pandey's statement to ET NOW provides the most definitive timeline indication from SEBI regarding the NSE IPO approval process. The regulator's readiness to issue the no-objection certificate suggests that key regulatory hurdles may have been addressed, paving the way for the exchange's public offering to proceed.

The National Stock Exchange (NSE) has announced operational adjustments for January 15, 2026, in response to Maharashtra civic polls scheduled for that date. While equity trading will continue as usual, the exchange will implement selective closures across other market segments.

Market Segment Operations

The exchange has outlined specific operational parameters for different trading segments on the polling day:

Impact on Trading Activities

The decision reflects the exchange's approach to balancing market operations with civic responsibilities during the Maharashtra polling process. Equity market participants will be able to conduct regular trading activities, ensuring continuity in the stock market segment.

Settlement Deferrals

Settlement activities typically scheduled for January 15, 2026, will be postponed to accommodate the civic polling schedule. This deferral affects the normal clearing and settlement cycle for transactions in the impacted market segments.

The NSE's announcement provides market participants with advance notice to plan their trading and settlement activities accordingly, ensuring smooth operations despite the selective market closures on the polling day.