NSE valuation nears ₹6 trillion in unlisted market on IPO speculation

Sebi's circular issued on Monday has asked exchanges to submit their proposals before June 15

Amidst rising buzz about an initial public offer (IPO), shares of the National Stock Exchange (NSE) have seen a surge in demand in the unlisted market, driving its valuation to record ₹5.8 trillion.

 

The valuation has surged by 25 per cent in just a week in the unlisted market. The rise comes amid new reports that the maiden share sale of the country’s largest bourse could soon become a reality. Market regulator Securities and Exchange Board of India’s (Sebi’s) move to limit derivatives expiry to just two days is also helping NSE arrest the market share decline.

 

Sebi’s circular issued