NSE IPO NOC Expected This Month, SEBI Chief Confirms; IFCI Shares Soar 8%

• SEBI Chief Tuhin Kanta Pandey reiterated that the No Objection Certificate (NOC) for NSE's IPO is likely to be issued by the end of this month.
• SEBI's in-principle approval of NSE's settlement plea in the co-location case removes a major hurdle for the IPO.
• NSE's MD and CEO, Ashish Chauhan, stated that the IPO process would take 6-8 months after receiving the NOC, including 3-4 months for DRHP preparation and 2-4 months for SEBI review.
• IFCI shares surged up to 12% (settling at 8% gain) following the announcement, due to its indirect 2.35% stake in NSE through SHCIL.
• NSE's IPO has been pending for over 8 years, with the initial prospectus filed in December 2016.

Why It Matters: NSE's IPO is closer to reality with SEBI's expected NOC this month, boosting investor confidence in related stocks.