New Delhi: The much-awaited National Stock Exchange (NSE) IPO could start moving again as an expert panel has given the green signal to the proposal by the country’s largest stock exchange. The expert panel gave its nod to the NSE proposal to make the biggest payment ever to settle cases that have remained a key stumbling block for the launch of the public offer.
The Securities and Exchange Board of India (Sebi) expert panel on settlement orders has reportedly given the go ahead to NSE’s application to settle the colocation and dark fibre cases for about Rs 1,800 crore.
The NSE’s settlement applications were approved by the the high-powered advisory committee recently. Now, the recommendations will be put forward before the panel of two whole-time members of Sebi.
NSE’s Long Road to Listing
NSE IPO has been the talk of the town in the recent years. India’s largest stock exchange filed its first IPO papers with Sebi on October 18, 2016. NSE is the country’s largest unlisted company, with 190,000 investors.
In March 2026, the NSE undertook a major step towards its much-awaited listing, as it appointed 20 merchant bankers, several law firms and other intermediaries, to manage its IPO. The exchange’s IPO committee approved the appointments. In February, the NSE board gave its nod to proceed with its long-pending public listing. The proposed IPO will consist entirely of an offer-for-sale (OFS) by existing shareholders, with no fresh issue of shares.
The 20 merchant bankers selected include:
Kotak Mahindra Capital Company Limited
JM Financial Limited
Axis Capital Limited
IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
Motilal Oswal Investment Advisors Limited
ICICI Securities Limited
SBI Capital Markets Limited
Nuvama Wealth Management Limited
HDFC Bank Limited
Avendus Capital Private Limited’
Morgan Stanley India Company Private Limited
Citigroup Global Markets India Private Limited
J.P. Morgan India Private Limited
HSBC Securities and Capital Markets (India) Private Limited
IDBI Capital Markets & Securities Limited
360 ONE WAM Limited, Anand Rathi Advisors Limited
DAM Capital Advisors Limited
Pantomath Capital Advisors Private Limited
Equirus Capital Private Limited
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO)
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