The biggest IPO in the history of India! NSE started preparations to raise 3 billion dollars

The platform through which you buy and sell shares daily in the stock market is now going to launch its own shares in the market. The National Stock Exchange (NSE), the world’s largest derivatives exchange in terms of trading volume, has taken steps towards launching the country’s largest ever Initial Public Offering (IPO). The exchange is going to start formal marketing for its huge $3 billion IPO from next week itself.

Special plan to attract foreign investors

To make this mega IPO successful, NSE has prepared a comprehensive and aggressive strategy. The exchange plans to hold meetings with leading institutional investors from the US, London, Singapore, Hong Kong and the Middle East as well as India. This entire exercise is being done with the clear aim of launching the IPO in the month of September this year. At present, exchange officials are continuously discussing the marketing plan with the banks. However, experts also say that talks are still going on. Therefore, there may be minor changes in the exact size of the issue, valuation or its closing date.

Will create a new record by defeating Hyundai

At present, huge dominance of NSE shares is being seen in the gray market. According to data from unlisted stock trading platform ‘Unlisted Zone’, the total valuation of the exchange has crossed Rs 5.25 lakh crore (about $ 55.1 billion). If the company sells its fixed stake at this huge valuation, then this IPO can raise around Rs 3,06,000 crore. This figure is much bigger than Hyundai Motor India’s Rs 278.7 billion IPO in the year 2024, which is currently the country’s biggest record. According to the draft prospectus recently submitted to SEBI, this issue will be a complete ‘Offer for Sale’ (OFS). This means that existing shareholders will make profit by selling 6 percent of their stake, i.e. about 14.89 crore shares.

Important responsibility in the hands of big banks

These days a big wave of mega IPOs is going on in the Indian stock market. Now NSE is also standing strongly amid the possible listing of big names like Reliance Industries’ digital unit Jio Platforms and SBI Mutual Fund. To complete the complex process of raising such a huge amount without any hindrance, the exchange has prepared an army of about 20 leading banks from around the world. Those managing this mega campaign of share sale include big names like Kotak Mahindra Capital, JM Financial, Morgan Stanley, HSBC Holdings and Citigroup. For an ordinary investor this may be a rare opportunity to purchase a direct stake in an established and profitable financial institution.