SEBI Chief: NSE IPO NOC Likely This Month; IFCI Shares Surge 10% on Stake Value

• SEBI chief Tuhin Kanta Pandey announced on January 16 that the No-Objection Certificate (NOC) for the National Stock Exchange (NSE) IPO is expected later this month.
• Following Pandey's statement, IFCI's shares rose 10% due to its indirect stake of approximately 2.35% in NSE through Stock Holding Corporation of India (SHCIL).
• IFCI's stake in NSE is valued at around Rs 13,000 crore, significant compared to its own market capitalization of Rs 16,400 crore, assuming NSE's Rs 5 lakh crore valuation.
• Pandey also confirmed an 'in principle' agreement for settlement, clearing a key regulatory hurdle for NSE's long-delayed IPO.
• NSE MD & CEO Ashish Chauhan stated that the IPO is still 6-8 months away after receiving the NOC, with DRHP preparation and SEBI review taking several months.

Why It Matters: SEBI's imminent NOC for NSE IPO boosts IFCI shares; listing still 6-8 months away post-approval.