As India’s national securities trading hub, the exchange’s listing plan has finally gained a breakthrough. After receiving approval from market regulators, the India National Securities Exchange is accelerating its preparations for the IPO.
Regulatory Hurdle Unmet for Ten Years, Recently Achieved Breakthrough
This national securities exchange’s dream of going public has been delayed for a long time. As early as 2016, the exchange submitted its first IPO application, but due to regulatory concerns over corporate governance structure and market access fairness, the plan was temporarily shelved. Nearly ten years later, the organization has finally received approval from the Securities and Exchange Board of India, laying the foundation for this long-awaited listing.
Clear Timeline, Document Preparation and Regulatory Approval Phases Defined
According to CEO Jahan, the entire listing process now has a clear schedule. The first phase involves preparing key documents such as the prospectus, which is expected to take about four months; followed by the final regulatory approval stage, which is expected to take an additional two to three months. This means the entire IPO process is expected to be fully underway within the next seven to eight months.
To clear legal risks before going public, the India National Securities Exchange has proactively submitted two settlement applications involving a total amount of 12.97 billion rupees. This move aims to resolve previous accumulated litigation issues and pave the way for a smooth listing. Through these proactive legal settlement steps, this national securities organization is gradually removing obstacles that hinder the smooth progress of its IPO as a national-level exchange.
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India's National Stock Exchange awaits transformation in ten years; IPO process to be accelerated in the second half of the year
As India’s national securities trading hub, the exchange’s listing plan has finally gained a breakthrough. After receiving approval from market regulators, the India National Securities Exchange is accelerating its preparations for the IPO.
Regulatory Hurdle Unmet for Ten Years, Recently Achieved Breakthrough
This national securities exchange’s dream of going public has been delayed for a long time. As early as 2016, the exchange submitted its first IPO application, but due to regulatory concerns over corporate governance structure and market access fairness, the plan was temporarily shelved. Nearly ten years later, the organization has finally received approval from the Securities and Exchange Board of India, laying the foundation for this long-awaited listing.
Clear Timeline, Document Preparation and Regulatory Approval Phases Defined
According to CEO Jahan, the entire listing process now has a clear schedule. The first phase involves preparing key documents such as the prospectus, which is expected to take about four months; followed by the final regulatory approval stage, which is expected to take an additional two to three months. This means the entire IPO process is expected to be fully underway within the next seven to eight months.
Legal Barriers Gradually Removed, Large-Scale Settlement Applications Submitted
To clear legal risks before going public, the India National Securities Exchange has proactively submitted two settlement applications involving a total amount of 12.97 billion rupees. This move aims to resolve previous accumulated litigation issues and pave the way for a smooth listing. Through these proactive legal settlement steps, this national securities organization is gradually removing obstacles that hinder the smooth progress of its IPO as a national-level exchange.