Market regulator approves NSE's IPO after the exchange settles long-running cases

The market regulator approved the National Stock Exchange's IPO. The exchange filed its draft papers in June, restarting a listing attempt that had stalled for nearly ten years. A day before the approval, the Supreme Court closed the regulator's appeals in the co-location and dark-fibre cases. This followed a settlement of about ₹1,491.21 crore paid by NSE.

The draft offer was up to 148.9 million shares, nearly 6% of NSE's paid-up capital, all sold by existing shareholders. LIC, the largest shareholder with 10.72%, is not selling. The report said SBI's average cost is about ₹0.8 per share. For Q1 FY27, NSE reported a net profit of about ₹3,120 crore, up from ₹2,923 crore a year earlier. Revenue from operations was about ₹4,560 crore.

Why it matters for unlisted-share investors

Pending legal and regulatory cases often explain why a well-known unlisted company takes years to list. NSE's case shows how settling those issues can quickly unblock an IPO. It also shows how a regulatory approval can be the step that turns unlisted shares into listed ones.

Source: Business Standard