NSE's stake holders surge in trade post IPO reports

According to certain media reports (NSE) National Stock Exchange plans to file draft prospectus by end of this month for initial public offer (IPO) of about USD 1.5 billion, which would be the biggest new issue of a stock exchange ever and also biggest issue in six years.

NSE issue would be competing with that of cross-town rival BSE Ltd., Asia’s oldest stock exchange, which too had filed a draft prospectus with the capital markets regulator SEBI in September.

Existing NSE investors plan to sell about 25 percent of the company stakes through the offering, which won’t include any new stock, as per reports.

NSE shareholders include prominent players like Goldman Sachs, Saif Partners, LIC, SBI, IFCI, IDBI Bank, etc.

Anticipating higher valuation from the new issue, share prices of respective shareholders has surged in trade as they would be direct beneficiaries of the IPO.

IFCI Limited (shareholding 3.05 %)

CMP- Rs 27.30 up 16.80 %


IDBI Bank (shareholding 1.5 %)

CMP- Rs 71.70 up 3.9 %

 
SBI & SBI Capital (shareholding 9.52 %)

CMP- Rs 266.10 up 2.4 %