In August this year, NSE reapplied to SEBI for a ‘no-objection’ certificate for the IPO. After receiving the NOC from the regulator, the exchange will prepare a prospectus and submit it to SEBI. Once the regulatory review is complete and approval has been granted, the exchange proceeds with launching its IPO.
The much-anticipated IPO of the NSE has already created buzz in the gray market, with websites like ‘Sharechart.com’ and ‘Unlistedzone.com’ listing the bourse’s market capitalization at 4.70 lakh crore ($56.6 billion).
Earlier this week, the NSE released its results for the September quarter, posting a 57% year-on-year increase in its consolidated net profit at Rs 3,137 crores compared to Rs 1,999 crores in the corresponding period of the previous financial year. The net profit margin for the second quarter ended September 30, 2024 was 62%.
The domestic bourse reported consolidated total revenue of ₹5,023 crores for Q2 FY25, with a growth of 25% y-o-y, helped by increased trading revenue. In addition to trading revenue, revenue from operations was also supported by other revenue items, including clearing services, data center and connection fees, listing services, index services and data services.
