IPO likely 6-8 months after NOC; timeline largely dependent on regulator's approval: NSE MD & CEO

National Stock Exchange (NSE) in Mumbai

The National Stock Exchange's (NSE) proposed IPO is likely to take another 6–8 months after receipt of the formal No Objection Certificate (NOC), the exchange's Managing Director & CEO Ashish Kumar Chauhan said on Friday on the sidelines of Samvad 2026, outlining the regulatory process ahead.

SEBI Chair Tuhin Kanta Pandey had noted that the regulator can issue the NOC for much awaited NSE IPO as soon as this month.

Speaking to the media, Ashish Kumar Chauhan said, "Once we receive the NOC, we will begin preparing the Draft Red Herring Prospectus (DRHP), which itself will take about three to four months. After that, the DRHP will be submitted to SEBI, which has its own process involving queries and clarifications," he said.

On whether the company is targeting the first or second half of FY27 for the IPO, Chauhan said the timelines are largely influenced by factors outside the exchange’s control. "Some things are internal, but many are procedural and regulator-driven. Our internal preparedness is not a constraint," he said.