Mumbai, Jan. 27 -- National Stock Exchange (NSE) of India Managing Director and CEO Ashish Chauhan on Tuesday said they will start work on their Draft Red Herring Prospectus (DRHP) for their IPO after receiving the necessary NOC from the market regulator, SEBI.

The Securities and Exchange Board of India (SEBI) has recently cleared the way for the NSE IPO in principle. SEBI Chairman Tuhin Kanta Pandey had said that the Board is at a very advanced stage of issuing the No Objection Certificate (NOC).

"Once the NOC from SEBI is received in reality and in paper, we will start working on our DRHP," Chauhan told ANI.

"We expect in around 3-4 months, we will prepare the DRHP and other papers including OFS... Effectively, it will take 8-9 month...