SEBI Nears NOC Approval For NSE IPO, Chairman Expects Clearance This Month
SEBI Chairman Tuhin Kanta Pandey announced the regulator is at an advanced stage of issuing NOC for NSE's IPO, with approval expected within January 2026. India's capital markets have shown remarkable growth with unique investors increasing from 4.3 crore in Fiscal 2020 to 13.7 crore currently. The first nine months of the current financial year saw ₹1.7 lakh crore raised through 311 IPOs, with total equity mobilisation crossing ₹3.8 lakh crore.
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Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey announced significant progress on the National Stock Exchange's Initial Public Offering approval process, stating the regulator is at a very advanced stage of issuing the No-Objection Certificate. Speaking at the Association of National Exchanges Members of India 15th International Capital Market Convention 2026 in Chennai, Pandey indicated the NOC could be issued within January 2026.
NSE IPO Approval Timeline
Pandey's announcement marks a crucial milestone for the NSE IPO, which has been awaited by market participants. The SEBI Chairman's timeline suggests the regulatory clearance process is nearing completion, with approval expected imminently.
| Development: | Details |
|---|---|
| Current Status: | Very advanced stage of NOC issuance |
| Expected Timeline: | Within January 2026 |
| Regulatory Body: | Securities and Exchange Board of India |
| Exchange: | National Stock Exchange |
Capital Market Growth Highlights
Pandey emphasized India's remarkable capital market expansion across multiple segments, including equity, derivatives, mutual funds, real estate investment trusts, infrastructure investment trusts, and corporate bonds. The growth in investor participation has been particularly noteworthy, demonstrating increasing retail engagement in securities markets.
| Metric: | Fiscal 2020 | Current | Growth |
|---|---|---|---|
| Unique Investors: | 4.3 crore | 13.7 crore | +218.60% |
IPO Market Performance
The current financial year has witnessed robust IPO activity, reflecting strong market appetite and corporate fundraising momentum. The first nine months alone have demonstrated exceptional performance in primary market mobilisation.
| Parameter: | First Nine Months FY |
|---|---|
| IPO Count: | 311 |
| Amount Raised: | ₹1.7 lakh crore |
| Total Equity Mobilisation: | ₹3.8 lakh crore |
Enhanced Investor Awareness Initiatives
Pandey outlined SEBI's strategic approach to investor education, emphasizing the importance of multilingual outreach based on surveys conducted in July. The regulator plans to adopt a comprehensive multimedia approach to reach diverse investor segments effectively.
Key features of the enhanced awareness campaign include:
- Multimedia format: Utilizing various digital and traditional media channels
- Multilingual approach: Addressing regional language preferences
- Multi-agency coordination: Collaborative efforts across different organizations
- Youth-focused content: Including short-form content appealing to younger generations
The SEBI Chairman noted the growing interest among younger generations in securities markets, prompting the regulator to adapt its communication strategies accordingly. This includes exploring short-form content while ensuring message completeness and maintaining engagement levels that appeal to younger investors.
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