NSE IPO to be launched next year, indicates CEO Ashish Chauhan

Kolkata: The end of the eager wait is in sight. Ashish Chauhan, the CEO of NSE (National Stock Exchange) has recently indicated that the IPO of the exchange could take place sometime next year. According to reports, Chauhan told a foreign news channel that the NSE will take about eight/nine months to float the public issue after its secures from market regulator Sebi the No Objection Certificate necessary to offer its shares in the market.

On the other hand, Sebi chairman Tuhin Kanta Pandey had said in June that NSE and Sebi were quite close to settling all the issues and legal cases that were proving to be obstacles to the eagerly awaited IPO of NSE. “There is no obstacle remaining in the case of the NSE... There is some legal settlements and other things. Some amount will have to be paid and those cases would have to be withdrawn, and so on,” Pandey remarked in an event. The two reportedly have decided on a final settlement amount too. After the NoC is obtained NSE has to file a Draft Red Herring Prospectus (DRHP) to the capital market regulator for the public issue.

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NSE reported 14% rise in its consolidated net profit that touched Rs 2,924 crore in the April-June period of 2025 ie, Q1 of FY26. The comparative figure for Q1 of FY25 was Rs 2,567 crore. However, the total revenue of the exchange declined from Rs 4,950 crore in the April-June quarter of FY25 to Rs 4,798 crore in Q1 of FY26. However, on a standalone basis, NSE's net profit was Rs 2,409 crore and total income at Rs 4,243 crore in Q1 FY26.

According to reports, a significant 64% of the shares of NSE are held by public investors, including local and foreign institutions and wealthy individuals. The Life Insurance Corporation of India is one of the domestic institutions having stake in the exchange.

Over the past few weeks, there have been frenetic activity to buy unlisted shares of NSE. The demand rose as reports of Sebi and NSE coming closer to ironing out all the differences and impediments to the IPO began circulating. Reports have stated that the price of NSE's unlisted shares zoomed by 115% over the past year jumping from Rs 1,100 to Rs 2,370. In this year, the have appreciated about 33%. The reported market cap rose to as much as Rs 5.86 lakh crore. NSE first applied to Sebi for an IPO way back in 2016. But Sebi investigation revealed that some traders unfairly accessed its systems.