NSE mega IPO: Stocks of promoters see an uptick

The NSE mega IPO, which will hit the markets early in 2017 has earned some brownie points for the  listed domestic promoters of the exchange. The listed domestic promoter entities of NSE have seen a surge in their volumes as they are bound to be the biggest beneficiaries of this listing.  

The stocks of the promoters of NSE are up in the range of 0.36 to 3.60 per cent on BSE. As at 10.29 am the stock of Industrial Development Bank of India is up by 0.36 per cent, State Bank of India is up by 1.60 per cent, ICICI Bank is up by 1.55 per cent, Bank of Baroda is up by 1.19 per cent, Canara Bank by 1.80 per cent, Oriental Bank of Commerce by 3.60 per cent, Indian Bank by 1.19 per cent and Union Bank of India is up by 1.47 per cent on December 30.

National Stock Exchange, one of the world’s largest stock exchanges in terms of traded volumes, has recently filed a draft red herring prospectus (DRHP) with the market regulator SEBI for a whopping Rs 10,000 crore IPO which will be the biggest new issue in the recent years.