NSE awaits no objection certificate from SEBI to start DRHP process: Ashish Chauhan

The National Stock Exchange (NSE) is currently awaiting a no objection certificate (NOC) from the capital markets regulator. Once this certificate is received, the NSE will begin the process of filing its draft red herring prospectus (DRHP) for a highly anticipated initial public offering (IPO), according to Ashish Kumar Chauhan, the NSE's Managing Director and CEO.

In a conversation with IANS, Ashish Chauhan stated that the exchange has sought the NOC from the Securities and Exchange Board of India (SEBI). After obtaining the NOC, he explained, "We will prepare our draft red herring prospectus (DRHP) and then send it back to SEBI. Following that, SEBI will take its time to approve it."

Last month, SEBI Chairman Tuhin Kanta Pandey mentioned that the outstanding issues related to the NSE's IPO would be resolved soon, allowing the regulator to proceed. While speaking to the media at an Assocham event in the national capital, Pandey expressed optimism, stating, "We will soon move forward with it. NSE and SEBI are in discussions to resolve the issues. I am very hopeful that this will be completed soon, and we will progress."ll move forward.​