Last mentioned: Mar 13, 2026
Syndicate Finalized
NSE officially hires 20 bankers and 8 law firms to restart the IPO process.
Advisory Team Finalized
NSE officially appoints 20 bankers and 8 law firms to manage the $2.5B offering.
NSE Listing
Official listing ceremony held at the National Stock Exchange, marking the start of secondary market trading.
Public Listing
NMC Green Bonds officially commence trading on the National Stock Exchange.
Subscription Period
The public issue opens for institutional and retail investors, seeing strong demand.
Regulatory Approval
SEBI and MoHUA clear the issuance framework for Nashik's green debt.
Credit Rating
Leading agencies assign investment-grade ratings to the proposed bond issuance based on NMC's revenue streams.
Project Identification
NMC identifies key water and solar projects for green bond funding.
Board Approval
NMC General Body approves the proposal to raise funds via green municipal bonds.
Regulatory Thaw
SEBI signals a more favorable outlook on NSE's compliance and governance.
Regulatory Clearance
SEBI signals a 'no-objection' for the IPO following governance improvements.
SEBI Disciplinary Action
SEBI passes orders in the co-location case, stalling the IPO process.
SEBI Penalty
Regulator passed orders in the co-location case, delaying listing plans.
First DRHP Filed
NSE files its first draft prospectus for a public listing.
Initial DRHP Filed
NSE first filed for an IPO, which was later stalled by regulatory issues.
The National Stock Exchange of India has appointed 20 merchant bankers and eight law firms to manage its highly anticipated initial public offering. This move signals a definitive step toward a $2.5 billion market debut, marking the end of a decade-long regulatory wait for the world's largest derivatives exchange.
The National Stock Exchange of India (NSE) has finalized a massive syndicate of 20 merchant bankers and eight legal advisors to manage its highly anticipated initial public offering. This move signals a definitive end to years of regulatory delays and sets the stage for what could be one of India's largest-ever market debuts.
The Nashik Municipal Corporation has successfully listed its inaugural public Green Municipal Bonds on the National Stock Exchange. This move marks a significant shift toward market-based financing for urban environmental projects in India's Tier-2 cities.
The Nashik Municipal Corporation (NMC) has officially listed its inaugural public green municipal bonds on the National Stock Exchange, marking a pivotal shift toward sustainable urban financing in India. The capital raised is earmarked for climate-resilient infrastructure, signaling growing institutional confidence in sub-sovereign ESG debt.