The National Stock Exchange (NSE) has filed an application with the Securities and Exchange Board of India (SEBI) for a no objection certificate (NOC) to proceed with an initial public offering (IPO). The decision was approved in a board meeting held on Tuesday. This move comes amid warnings from both the NSE and the Bombay Stock Exchange (BSE) about fake trading app scams. Zerodha co-founder Nithin Kamath has also raised concerns about fraudulent trading apps mimicking major brokers.