NSE IPO news latest update: What we know so far

NSE IPO: The National Stock Exchange's (NSE) initial public offering has been in the news since markets regulator Securities and Exchange Board of India (SEBI) chair Tuhin Kanta Pandey recently gave a positive update related to it.

NSE IPO: 10 key things to know about the much-awaited public issue

• Stock exchange NSE had filed its draft red herring prospectus (DRHP) in 2016, but the process was halted by SEBI in 2017.
• The market regulator had returned the IPO papers in 2019 and asked NSE to resubmit it after the co-location case was resolved.
• The co-location case is related to alleged preferential access provided to certain brokers in the form of 'dark fibre' at NSE to connect across the co-location facilities before others, providing an unfair advantage.
• SEBI also pointed out concerns related to the technology infrastructure of NSE post several glitches and how the exchange managed it.
• The regulator has also raised issues related to inconsistencies in compensation structures of NSE among key managerial personnel, especially the pay difference between the managing director (MD) and other senior officials.
• NSE has no full-time chairman, and public interest directors, on a rotational basis, chair board meetings. SEBI wants this approach to change.
• The share price of NSE in the unlisted market is ₹2,330 apiece, with a market capitalisation of ₹5.76 lakh crore.
• The consolidated profit after tax climbed 7% year-on-year (YoY) to ₹2,650 crore in the March quarter of the financial year 2024-25.
• The total income fell 13% YoY to ₹4,397 crore in Q4 FY25.
• The exchange recommended a final dividend of ₹35 per equity share for FY25.