NSE Gets SEBI NOC to Begin IPO Process
Why in the news
After a long wait, the National Stock Exchange got the market regulator’s no-objection certificate, which lets it start work on its Initial Public Offering.
Key facts
- Exchange: National Stock Exchange (NSE).
- Clearance: no-objection certificate (NOC) from SEBI.
- Meaning: SEBI has no regulatory objection to IPO-related steps.
What the NOC permits
- Appointing merchant bankers and other intermediaries.
- Finalising the Draft Red Herring Prospectus (DRHP).
- Starting formal IPO preparation, subject to listing norms.
About NSE
- Set up in 1992.
- India’s largest stock exchange by trading volume.
- Known for nationwide electronic trading and a strong role in modernising financial markets.
Exam angle
- Regulator that issued the NOC: SEBI.
- Document to be finalised: DRHP.
- Year NSE was established: 1992.