NSE stock king of unlisted universe; monthly turnover tops $300 mn
₹3,200 per share in the unlisted market, up from ₹2,750 a share a year back, according to analysts and investment bankers, owing to low supply and high demand. PE funds that invested in the stock even four years back at a price of ₹1,100 a share have already made 3x returns on their investments, investment bankers said. Even investors, mostly HNIs and neo rich who bought at ₹2,200 a share two years back have managed to get their capital back with the high dividend the company paid.
In May, on the back of better financial performance, the company announced a dividend of ₹80 per share. Some of the exchange’s early investors such as Saif (Elevation Capital), Citigroup, Goldman Sachs, IIFL AMC and Norwest Venture Partners, among others, have either fully or partially pared their stakes to book profits. The unlisted shares of NSE are currently being quoted in markets in the range of ₹3,175 to ₹3,300 apiece, according to a report by brokerage Prabhudas Lilladher.
The face value of NSE shares is ₹1. NSE commenced operations in 1994 and is today the largest exchange of India with more than 50 million unique investors registered on its platform. As of FY22, it has nearly 100% market share in the equity derivatives segment, while market share in equity cash segment is 93%, according to an IIFL Securities report.
NSE is also the world’s largest derivative exchange (traded volumes) for the last three years. Around 200,000 real-time orders are processed per second and it has 31.2 million active clients. It has 116 million active demat accounts.
NSE has 93% share in the cash market and 100% market share in equity F&O. It has 97% market share in currency options. The bourse’s total income increased from ₹6,202.8 crore in FY21 to
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