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NSE IPO Delayed as SEBI Flags Compliance Gaps

28 March 20251 min read
BANKING & FINANCENSE IPO Delayedas SEBI FlagsCompliance Gaps28 March 2025safalsetu.com

Why in the news

NSE’s IPO suffered a fresh setback after SEBI listed gaps to be fixed before approval.

Key facts

  • SEBI wrote a detailed letter; NSE has two years to comply and then reapply.
  • Activating the ISIN looked like progress, yet big hurdles remain.
  • The listing date is uncertain for what may be one of India’s largest IPOs.

Shareholders, December 2024

HolderStake
LIC10.72%
Aranda Investments (Mauritius)5.00%
Stock Holding Corporation4.44%
SBI Capital Markets4.33%
Mahagony Ltd.3.93%
SBI3.23%

Exam angle

  • SEBI insists on governance strength before listing; ISIN = International Securities Identification Number.

Test yourself

1. How much time did SEBI give NSE to fix compliance issues before reapplying for IPO clearance?

NSE has 24 months to address SEBI's concerns.

2. Which entity held the largest NSE stake (10.72%) as of December 2024?

LIC held 10.72%, the highest among listed shareholders.

3. What does the ISIN whose activation NSE completed stand for?

ISIN stands for International Securities Identification Number.

This topic is part of Daily Current Affairs 28 March 2025 (23 topics).

All topics of the dayDay quizMarch 2025

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