Hidden goldmine! How NSE IPO will unlock Rs 95,000 crore value for over 20 listed companies
The upcoming National Stock Exchange (NSE) IPO is expected to unlock significant value for 26 listed shareholders, with a total valuation of approximately Rs 95,000 crore. Major financial institutions like LIC and SBI are among the primary beneficiaries of this valuation.
Why it matters
The IPO represents a major liquidity event for the Indian financial sector, highlighting the hidden value held by large institutional investors in the exchange.
The National Stock Exchange's upcoming IPO could put a large hidden value on the books of several listed companies, with 26 listed shareholders together holding NSE shares worth about Rs 94,619 crore at the tentative upper price of Rs 1,785 apiece. The calculation is based on the number of NSE shares held by listed companies as on filing of DRHP.The biggest beneficiary in this list is Life Insurance Corporation, which holds 26.53 crore NSE shares. At Rs 1,785 per share, LIC's holding would be worth about Rs 47,351 crore. LIC is also the largest shareholder in NSE, with a 10.72% stake.Meanwhile, SBI holding, which is about 7.98 crore shares, is valued at about Rs 14,253 crore at the tentative IPO price. General Insurance Corporation of India holds 4.07 crore shares, which would be worth Rs 7,265 crore.New India Assurance holds 3.52 crore NSE shares, valued at Rs 6,283.2 crore.
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