NSE Board to Meet on Feb 6 to Form IPO Panel After Sebi Clearance

• The National Stock Exchange (NSE) board will meet on February 6 to form an IPO committee, formally starting its long-awaited initial public offering process.
• This follows regulatory clearance from Sebi, which granted a no-objection certificate (NOC) after a decade of delays due to regulatory concerns and the co-location controversy.
• The IPO committee will define listing procedures and establish criteria for appointing merchant bankers and legal advisors to draft the Red Herring Prospectus (DRHP).
• NSE's listing plans were on hold since 2016; the exchange recently received 'in-principle' approval for its settlement application in the unfair market access case.
• The proposed IPO is expected to be one of India's largest, with NSE valued at over Rs 5 lakh crore in the grey market.