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Stock exchange NSE has written to the Ministry of Finance over a delay in its proposed IPO, Zee Business reported citing a report by news agency Reuters. 

The bourse is also learned to have mentioned a 'no objection' certificate application lying pending with the capital market regulator- Securities and Exchange Board of India (SEBI), according to the report.The exchange applied for the same in its recent application in March.

SEBI's Chairman Tuhin Kanta Pandey earlier in April stated that the watchdog will use its best judgment to arrive at a reasonable solution for the problems facing the National Stock Exchange's (NSE) initial public offering (IPO). Its goal will be to see it through, he added.

The news comes days after the exchange reported its financial results for the quarter as well as the year ended March 31. 

Last year, NSE restarted the process of its long-pending IPO. 

The issue could be one of the country's largest IPOs so far. 

NSE, the world's largest derivatives exchange by volume, first applied for an IPO in 2016 but has failed to obtain regulatory approvals on the back of pending legal cases and governance issues. 

NSE Q4 FY25 Results

On Tuesday, NSE reported a 30 per cent year-on-year decline in its consolidated profit to Rs 2,650 crore for the January-March period.

The exchange's total income increased 17 per cent to Rs 19,177 crore, it said in a statement. 

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