**NSE IPO Kickoff: Board Meets Tomorrow to Form Listing Panel** The National Stock Exchange (NSE) board convenes on **February 6, 2026**, to formally initiate its Initial Public Offering (IPO) process. This meeting marks a pivotal shift after a **10-year** regulatory delay, following the recent receipt of a **No-Objection Certificate (NOC)** from the Securities and Exchange Board of India (SEBI). **Key Agenda: Committee & Financials** A specialized **IPO committee** will be constituted to oversee the listing roadmap, including the appointment of merchant bankers and legal advisors for drafting the Red Herring Prospectus (DRHP). The board will also review and approve unaudited financial results for the quarter and nine months ending **December 31, 2025**. **Valuation & Market Data** Investor interest in the unlisted market has surged, with the exchange’s valuation exceeding **₹5 lakh crore**. Key figures include: * **Current Share Price:** Trading at approximately **₹2,100** in the grey market. * **Estimated Issue Size:** Expected to be around **₹23,000 crore** via an Offer for Sale (OFS). * **Financial Health:** The exchange reported robust FY25 revenue of **₹19,177 crore** with net income touching **₹12,188 crore**. **Timeline Expectations** With the "in-principle" approval now secured, the NSE aims to file its draft prospectus within **4 months**, targeting a potential market debut by late **2026**. This listing is projected to be one of the largest in India's capital market history.