Whalesbook
IPO Timeline Extended
The National Stock Exchange's (NSE) Initial Public Offering (IPO) is likely to be delayed by an additional six to eight months following the receipt of a formal No Objection Certificate (NOC), according to Managing Director & CEO Ashish Kumar Chauhan.
Chauhan, speaking on the sidelines of Samvad 2026, clarified the procedural steps involved. "Once we receive the NOC, we will begin preparing the Draft Red Herring Prospectus (DRHP), which itself will take about three to four months," he said.
Regulatory Hurdles Dictate Pace
The timelines for the IPO are largely dictated by factors beyond the exchange's direct control, particularly the Securities and Exchange Board of India's (SEBI) approval process. Chauhan emphasized that while internal preparations are complete, SEBI's review, including queries and clarifications, will set the final listing date.
SEBI Chair Tuhin Kanta Pandey had previously indicated that the NOC could be issued as soon as this month, but the subsequent steps mean a listing in the first half of FY27 is now the earliest possibility, with the latter half also feasible.