<a href="https://www.mid-day.com/business/business-news/article/sebi-to-examine-stockbrokers-concerns-over-merchant-discount-rate-sebi-chairman-tuhin-kanta-pandey--23650465" target="_blank" rel="none noopener">Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey</a> on Thursday said the National Stock Exchange (NSE), which launched its Rs 22,569-crore initial public offering (IPO), will not be permitted to trade on its exchange post listing at present, according to news agency PTI.
The SEBI chief also clarified that the exchange has not sent any proposal seeking the regulator's approval for trading on its own platform.&nbsp;
"No, there is no such letter, and there is no such requirement," Pandey told reporters on the sidelines of the National Bank for Financing Infrastructure and Development (NaBFID) Infrastructure Conclave 2026.
<h2>Permitted to trade route</h2>
<a href="https://www.mid-day.com/business/business-news/article/nses-rs-22569-croreipo-to-open-on-september-17-for-subscription-price-band-set-at-rs-17001785-per-share-23649474" target="_blank" rel="none noopener">The NSE</a> will be listed on the rival bourse BSE as the regulator does not permit a recognised stock exchange to list on its own platform. However, under the permitted to trade route the shares of the exchange can trade on its own platform.&nbsp;
Permitted to trade is not the same as listing as it only helps investors to buy and sell the security on another bourse, while a listed company has disclosure and compliance obligations towards the primary exchange where it is listed.&nbsp;
Under the permitted to trade framework, an exchange can allow trading in shares that are listed on another recognised stock exchange. The company does not become listed on the exchange where its shares are permitted to trade.
<h2>NSE IPO opens for subscription&nbsp;</h2>
The NSE's IPO is India's second-largest public issue after Hyundai Motor India's Rs 27,870-crore IPO in 2024.The NSE's three-day issue opened for subscription on Thursday. The issue is entirely an offer for sale (OFS) comprising 12.64 crore equity shares by existing shareholders, with the price band set at Rs 1,700-1,785 per share. As it is an OFS, the proceeds from share sale will accrue to the shareholders. It is expected to be listed on September 24.&nbsp;
The issue got subscribed 9 per cent on the first day, having received bids for 81,99,336 shares against 8,86,42,911 shares on offer as per the data available on BSE till 10:16 am. On Wednesday, <a href="https://www.mid-day.com/business/business-news/article/nse-secures-rs-6746-crore-from-anchor-investors-including-lic-goldman-sachs-ahead-of-ipo-23650410" target="_blank" rel="none noopener">the exchange had garnered Rs 6,746 crore</a> from anchor investors.
(With inputs from PTI)

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