1 / 11The National Stock Exchange Ltd. (NSE) is set for its mega Dalal Street debut after SEBI Chairman Tuhin Kanta Pandey said over the weekend that the market regulator is in very advanced stage of giving a No-Objection Certificate to the much awaited Initial Public Offering (IPO).
2 / 11“We are at a very advanced stage of issuing the NOC for the NSE IPO. It may be done within this month,” Pandey had said. Here’s all that you need to know about the potentially mega NSE IPO and the exchange itself:
3 / 11With 247.5 crore outstanding shares, NSE is currently trading at a price of ₹2,000 apiece in the unlisted market. This takes the current market cap of the exchange to ₹4.95 lakh crore.
4 / 11As self-listing is currently not allowed in India, NSE shares will list on another exchange other than itself.
5 / 11At ₹4.95 lakh crore, NSE could become the 11th biggest company, as only 10 companies on the Sense currently have a market capitalization of over ₹5 lakh crore.
6 / 11For the first half of financial year 2026, NSE reported an Earnings per Share (EPS) of ₹25. According to B&K Securities, the full year EPS figure could go up to ₹50 and increase further to ₹51 in financial year 2027.
7 / 11At the current price in the unlisted market, NSE is trading at 39 times its financial year 2027 estimated Earnings Per Share. Its peers such as BSE and MCX trade at valuations expensive to it at 43 times and 48 times respectively. Only IEX, at 25 times, trades at a valuation cheaper to the NSE.
8 / 11While NSE’s valuation could be cheaper in comparison to its local peers, but the same cannot be said when compared to the global indices. Most of the other global indices, including the Nasdaq, London Stock Exchange and others, trade at a cheaper valuation compared to the NSE.
9 / 11NSE’s shareholding comprises of marquee investors as well as public sector companies, which have significant stake in the company. Prominent among them include LIC, India’s largest Insurance company, as well as India’s largest lender State Bank of India.
10 / 11Public Sector Companies own nearly one-third of NSE as per the recent shareholding, followed by insurance companies, who own a 17.5% stake. Financial Firms and Banks also have a significant stake in the stock exchange.
11 / 11Speaking of Marquee investors, names who own stake in the exchange include Rekha Jhunjhunwala, Radhakishan Damani, Sachin Tendulkar, and Shah Rukh Khan.
