India's NSE to launch IPO after SEBI approval, following resolution of a major penalty case.

The National Stock Exchange of India will begin preparing its IPO Draft Red Herring Prospectus after receiving SEBI’s formal No Objection Certificate, with the process expected to take 8–9 months post-approval. SEBI has cleared the IPO in principle, and the exchange is moving forward after resolving a major 2024 penalty case involving a ₹643 crore settlement over alleged unfair trading access. The IPO, delayed for years due to governance and co-location issues, was first filed in 2016 and reinitiated in 2024.