New Delhi: Whenever a Big IPO is in the news, the possibility of the Indian stock market rising gains momentum. This does not happen with all IPOs, but some initial public offers do tend to give a boost to the market. Earlier it happened when the BSE IPO was launched. Now, the news of the National Stock Exchange’s issue is making a lot of buzz.
NSE’s IPO is yet to open, however, its valuation has already reached Rs 5 lakh crore. It is believed that if this trend continues, it will break BSE’s record as well. If its valuation continues to rise like this, then it can prove to be the biggest issue in the Indian IPO market. There is a big possibility of It breaking the record of BSE.
NSE’s valuation is constantly increasing in the unlisted market. According to a report on ET, NSE’s valuation crossed the Rs 5 lakh crore-mark, which has been increasing continuously for the last four months. Its valuation had already reached $36 billion in September, which has now increased to $56 billion i.e. more than Rs 5 lakh crore. Bloomberg data mentioned that if NSE is listed with a valuation of Rs 5 lakh crore, it will surpass Nasdaq Inc.
The IPO of the National Stock Exchange has been stuck for the last 10 years. Market regulator Securities and Exchange Board of India (SEBI) is yet to give a green signal to NSE to launch its IPO. NSE was accused of supporting some high-speed traders, after which SEBI banned it from the capital market for 6 months. However, amid the possibilities of settlement of that case, the news of National Stock Exchange bringing an IPO has intensified.
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The National Stock Exchange of India (NSE) is poised for a potentially record-breaking IPO, with its valuation recently surpassing Rs 5 lakh crore. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
