Business

NSE IPO Timeline 1992-2026: SEBI Cases & Listing Plans

NSE's IPO moved sharply closer in September 2026. The exchange filed a draft prospectus in June 2026, settled its co-location and dark-fibre cases with SEBI in…

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NSE INCORPORATED

NSE Is Incorporated as a Reform-Era Exchange

NSE is created as part of India's post-liberalisation capital-market reform push, promoted by domestic financial institutions to build a modern, transparent, technology-…

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ELECTRONIC TRADING BEGINS

NSE Launches Nationwide Screen-Based Trading

NSE starts operations in 1994, launching its Wholesale Debt Market segment first and its Capital Market equity segment later that year, replacing open-outcry trading flo…

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NIFTY 50 & DERIVATIVES

Nifty 50 Launches, Derivatives Trading Follows

NSE launches the Nifty 50 index on 22 April 1996, then rolls out index futures (2000), index options, and stock options and futures (2001) — the four-product foundation…

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NSE BECOMES DOMINANT

NSE Grows Into India's Dominant Exchange

As retail participation, mutual-fund inflows and derivatives trading grow through the 2000s and 2010s, NSE becomes central to India's market infrastructure, drawing the…

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CO-LOCATION ROW

Co-Location Controversy Emerges

Whistleblower letters allege certain brokers may have received preferential or unusually fast access to NSE's trading systems through its co-location facility, along wit…

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SEBI & TRIBUNAL BATTLES

SEBI's Order, Then Tribunal Relief

In 2019, SEBI orders NSE to disgorge about ₹624.89 crore and restrains it from the capital markets. In January 2023, the Securities Appellate Tribunal sets aside that di…

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DRHP & SETTLEMENT

NSE Files Its IPO Prospectus and Settles

NSE files its Draft Red Herring Prospectus on 17 June 2026, proposing an offer for sale of about 14.89 crore shares (~6% of paid-up capital), no fresh issue, listing on…

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SUPREME COURT & SEBI APPROV…

Supreme Court Disposal, Then SEBI's IPO Approval

On 3 September 2026, the Supreme Court disposes of SEBI's appeals in the co-location and dark-fibre matters following the settlement. The next day, 4 September 2026, SEB…

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