The National Stock Exchange (NSE) is gearing up for what is projected to be India's largest-ever public issue, with an estimated size of around Rs 30,000 crore. As the NSE prepares for its initial public offering (IPO), the draft prospectus filed with market regulator SEBI has shed light on its prominent individual and institutional shareholders.
Ace Investors Among Key Individual Stakeholders
Among the most notable individual investors holding stakes in the NSE are seasoned market veterans Radhakishan Shivkishan Damani, Dolly Khanna, and Raamdeo Ramgopal Agrawal. Their participation underscores the significant interest in the exchange's upcoming listing.
- Radhakishan Shivkishan Damani: The ace investor holds 78,16,880 shares, representing a 1.56 percent stake in the NSE. This makes him the thirteenth largest shareholder in the stock exchange.
- Dolly Khanna: Known for her astute investments, Dolly Khanna owns 3,00,000 shares, which translates to a 0.06 percent stake in the NSE.
- Raamdeo Ramgopal Agrawal: Raamdeo Agrawal holds 8,00,000 shares, accounting for a 0.03 percent stake in the exchange.
Other Significant Individual and Institutional Holdings
Beyond these well-known names, other individuals and major institutions also hold considerable stakes in the NSE. Sunil Kant Munjal of Hero Enterprise holds 20,40,500 shares (0.41 percent), while S Gopalakrishnan owns 18,85,719 shares (0.38 percent).
The NSE IPO will be structured as an offer for sale (OFS) of up to 14.89 crore shares, each with a face value of Rs 1. This represents approximately 6 percent of the NSE's paid-up capital. Several individuals are participating as selling shareholders in the OFS, including Amit Kumar Lohia (25,000 shares), Rajiv Bolla (7,500 shares), Shaik Samdani Basha (1,000 shares), and Mahesh Gupta (500 shares).
Major institutional players are also set to offload shares. State Bank of India (SBI) plans to sell 2,47,50,000 equity shares, while Bank of Baroda (BOB) intends to sell up to 1,09,86,250 shares. Other significant institutional sellers include GIC RE, The New India Assurance Company Ltd, and Stock Holding Corporation of India Limited, alongside entities like Canada Pension Plan Investment Board and various insurance companies.
As of March 31, 2026, 31 resident individuals held nominal share capital exceeding Rs 2 lakhs in the NSE, highlighting the broad base of ownership ahead of this landmark public offering.