NSE awaits SEBI nod to start DRHP process: Ashish Chauhan

Mumbai: The National Stock Exchange (NSE) is waiting for the no objection certificate (NOC) from the capital markets regulator and once it is received, the stock exchange would begin the process of filing its draft red herring prospectus (DRHP) for a much-awaited initial public offering (IPO), Ashish Kumar Chauhan, Managing Director and CEO of NSE, has said.

Speaking to IANS here, Ashish Chauhan said the exchange has sought a ‘No Objection Certificate’ (NOC) from the Securities and Exchange Board of India (SEBI). After getting the NOC, “we will prepare our draft red herring prospectus (DRHP) and then, we will send it back to the SEBI. After that, they will take their time to approve it”, said Ashish Chauhan. Last month, SEBI Chairman Tuhin Kanta Pandey said that the pending issues surrounding the NSE initial public offering (IPO) will be resolved soon, and the regulator will move forward with the process.

Speaking to the media on the sidelines of an Assocham’s event in the national capital, Pandey said: “We will soon go ahead with it. NSE and SEBI are in discussions. They are resolving the issues. I am very hopeful that it will be done soon and we will move forward.”