NSE IPO: India’s largest stock exchange, the National Stock Exchange (NSE), on Wednesday submitted draft papers for its initial public offering (NSE IPO) to market regulator Sebi. Due to this, those who have been waiting for 10 years will now get satisfaction. Because the public listing process was first started in 2016, but it repeatedly failed due to various reasons.
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NSE IPO and its listing can be a great opportunity not only for the exchange, but also for the biggest investors who have been waiting for a long time to get the value of their shares.
They will benefit the most
According to a Reuters report, participating in the NSE IPO could give major shareholders a windfall of around Rs 25,000 crore. These include State Bank of India, Singapore-based Temasek and the Canada Pension Plan Investment Board in what is likely to be India’s biggest ever issue.
The price limit can be so!
The NSE IPO is likely to be worth around Rs 30,000 crore. According to a Reuters report citing sources, the price ceiling for the IPO could be set at around Rs 1,900 per share, which would be a 5% to 10% discount to the current unlisted market price. At the high end, the exchange’s valuation would rise to around $57 billion.
Almost a decade
It took almost 10 years for the National Stock Exchange (NSE) to make its debut in the stock market. NSE’s IPO journey has been one of the longest in India’s corporate history. The documents for the IPO were first submitted in 2016, but regulatory scrutiny, legal disputes and the NSE co-location case have dogged the plan each time. In contrast, the Bombay Stock Exchange went public in 2017. But the wait seems to be over in 2026 and NSE has once again submitted the draft documents to the market regulator.
Who is likely to profit the most?
SBI seems to be the biggest beneficiary. According to Reuters, based on estimates based on DRHP, SBI could earn approximately ₹4,700 crore from the sale of part of its stake in the exchange. Other major beneficiaries include Morgan Stanley’s Mauritius-based fund MS Strategic, which could gain an estimated ₹2,934 crore.
Singapore’s sovereign wealth fund Temasek, through its arm Aranda Investments, stands to gain approximately ₹2,067 crore from the share sale. Canada Pension Plan Investment Board (CPPIB) can earn approximately ₹1,871 crore. In total, the top 10 shareholders participating in this offering could collectively earn approximately $2.6 billion.
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