If you are among millions of investors asking when to expect the NSE of India IPO, you are lucky today. It is because you have come to the right place to learn about the long-awaited IPO of the top stock exchange in India and the largest in the world in terms of trading derivatives. Though NSE is the exchange to list over 2600 companies for investors like you to buy, sell, and make a profit, it is still to list its share. The significant reason among the many is that SEBI has not given the nod for the NoC or nonobjection certificate since 2016. However, many recent developments confirm that the market watchdog will approve the regulatory clearance for the NSE share price to skyrocket in the grey market and the secondary market for investors like you to reap huge profits.
So, in this blog, let us discuss in detail the reasons why SEBI, or the Securities Exchange Bureau of India, has not given approval for the NSE of India IPO for the last nine years and for the NSE stock price to trade in the exchanges not only in India but worldwide, to the happiness of millions of investors.
Why did SEBI delay the NSE of India IPO from 2016?
NSE, or the National Stock Exchange, revolutionised investing in India with a fully computerised system for paperless trading and holding shares in the dematerialised form. Not only did it increase investing among the Indian people without less chances of fraud, but it also helped many companies to list and trade for increasing liquidity. Though NSE has existed since 1993 and lists thousands of companies, for a few reasons, SEBI, the top regulator for financial deals in India, has not given the nod for its IPO or initial public offering. A few reasons for SEBI not giving the NoC from 2016 include the following, among others.
- Colocation scam of the NSE alleged offering early access to trading by few specified members for which SEBI filed cases against it and its many directors
- Technical glitches occurring in the NSE to stop trading is another reason, and the recent ones in February 2023 and the same month in 2024 because of automation and other issues
- A few cases pending against the NSE in SAT or securities appellate tribunal are among the other reasons.
When will the NSE of India IPO come?
SEBI closed all the cases of colocation against the NSE and all its directors in September 2024. The NSE has assured of upgrading its technology and automation to avoid glitches in the future. It has closed most of its cases in SAT and others to have a clean slate. Having accomplished most of the SEBI requirements, it expects a nod from SEBI for its NoC to launch an IPO in 2024.
The above reasons and facts clearing the obstacles will surely give the NSE share price a rough time to list on the exchanges in 2024, which will provide huge returns.
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