The highly anticipated initial public offering (IPO) of the National Stock Exchange (NSE) is poised to create substantial wealth for a roster of India's most seasoned investors and corporate entities. As the NSE prepares for its market debut, expected on Wednesday, its issue price of Rs 1,785 per share has revealed massive valuations for early stakeholders.
Key Investors See Holdings Soar
Among the prominent figures benefiting from the NSE's impending listing are Hero Enterprise's Sunil Kant Munjal, Avenue Supermarts promoter Radhakishan Shivkishan Damani, investment gurus Raamdeo Agrawal and Dolly Khanna, and Infosys co-founder Kris Gopalakrishnan. Their pre-IPO stakes, based on draft papers, are now valued in the billions of rupees, reflecting the exchange's robust growth.
Major Stakeholders and Their Valuations
- Premji Invest (via Pi Opportunities Fund): Billionaire philanthropist Azim Premji's investment vehicle holds 5,82,00,000 shares (2.35%), valued at an astounding Rs 10,388.70 crore.
- Radhakishan Shivkishan Damani: The ace investor and DMart promoter owns 3,90,84,400 shares (1.56%), now worth Rs 6,976.56 crore.
- Sunil Kant Munjal (Hero Enterprise): Munjal's 1,02,02,500 shares (0.41%) are valued at Rs 1,821.14 crore.
- S. Gopalakrishnan (Infosys Co-founder): Kris Gopalakrishnan holds 94,28,595 shares (0.38%), with his stake now reaching Rs 1,683 crore.
- Catamaran Ventures LLP (N.R. Narayana Murthy's firm): The global investment firm manages 38,46,250 shares (0.16%), valued at Rs 686.55 crore.
- Dolly Khanna: The renowned investor holds 1,516,250 shares (0.06%), now worth Rs 270.65 crore.
- Raamdeo Ramgopal Agrawal (MOFSL): Agrawal, along with Motilal Gopilal Oswal, each holds 8,00,000 shares (0.03%), valued at Rs 142.80 crore apiece.
Other notable investors with significant holdings include Manish Balkishan Chokhani (Rs 111.56 crore), Kalpana Ramesh Damani (Rs 89.25 crore), and Ignatius Navil Noronha (Rs 535.50 crore).
NSE's Market Valuation
At its IPO issue price, the National Stock Exchange is valued at an impressive Rs 4.42 lakh crore. This valuation is set to position NSE as the eleventh most-valued listed company in India and secure its place among the most valued exchanges globally, underscoring its pivotal role in the Indian financial landscape.