New Delhi, May 22 (UNI) Sebi chief Tuhin Kanta Pandey said on Thursday that all outstanding issues related to the National Stock Exchange (NSE) Initial Public Offering (IPO) will be resolved shortly, allowing the process to move forward smoothly.

“Regarding the NSE IPO, all outstanding issues will be resolved soon, and we will move forward. I cannot provide an exact timeline, but discussions between NSE and SEBI are ongoing, and I am hopeful that the issues will be resolved positively,” Pandey told reporters on the sidelines of an ASSOCHAM event.

The NSE, the world's largest derivatives exchange, has faced delays in its IPO since 2016 due to governance concerns, legal challenges, and issues related to its clearing corporation. In March 2025, the NSE submitted a fresh application to SEBI seeking a No Objection Certificate (NOC) to advance its IPO process.

Chairman Pandey emphasised that SEBI and the NSE are actively collaborating to address these concerns. "While I cannot give a specific timeline, I am optimistic that the pending issues will be resolved soon, allowing the IPO to move forward," he said.

On cryptocurrency regulation, Pandey clarified, "As a regulator, we ensure proper oversight, but policy decisions are made by the government. Currently, crypto is not classified as a security under the existing regulatory framework.”

The NSE’s IPO has attracted significant investor interest, as the exchange is one of India’s most valuable private companies with an estimated valuation of approximately ₹4.7 lakh crore. The resolution of outstanding issues and the IPO’s approval are expected to have far-reaching implications for India’s capital markets. UNI BDN SSP