NSE IPO NOC Likely This Month as SEBI Agrees to Settlement

• SEBI Chairman Tuhin Kanta Pandey confirmed an in-principle agreement for settlement, clearing a major hurdle for NSE's long-delayed IPO.
• The settlement addresses the unfair access case, a key regulatory and legal overhang that has impacted NSE's listing prospects for years.
• Issuance of the NOC will enable NSE to proceed with formal listing steps, including filing its offer documents.
• Pandey emphasized SEBI's focus on strengthening disclosure standards and due diligence in public issues, highlighting merchant bankers' role as 'gatekeepers of transparency'.
• SEBI inspections reveal shortcomings in due diligence, with Pandey stressing the need for independent verification of projections, physical site visits with geotagging, and clearer disclosures in IPO documents.

Why It Matters: SEBI's in-principle agreement to a settlement paves the way for NSE's IPO NOC this month.