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Kolkata: Beyond the US, NSE (National Stock Exchange) has emerged as the biggest fundraising platform through IPOs in the first six months of 2025, reports have stated. According to data published by S&P Global Market Intelligence on July 14, NSE is the fourth in the world behind Nasdaq Global Market, New York Stock Exchange (NYSE) and the Nasdaq Global Select Market.
NSE has raised $5.51 billion through new issues between January and June 2025. This is equivalent to 8.9% of the capital of $61.95 billion raised all over the world through IPOs. According to the data released, Nasdaq Global Market, New York Stock Exchange (NYSE) and the Nasdaq Global Select Market have cumulatively raised $28.95 billion in the first half of calendar 2025.
Significantly, NSE's feat comes against the backdrop of its early-awaited IPO, which have been in the discussion stage for the past nine years. NSE first submitted its first draft prospectus in 106 but subsequently withdrew it in 2019, thanks to the co-location controversy which could not be resoled. However, the issue gained momentum when NS, according to reports, submitted its settlement application to SEBI on June 20. Other paperwork is also proceeding.
Sebi chief Tuhin Kant Pandey told the media, “There is no obstacle remaining in the case of the NSE. There is some legal settlements and other things. Some amount will have to be paid and those cases would have to be withdrawn, and so on.” There were allegations that some brokers had preferential access to NSE’s trading servers, which did not guarantee a level playing field. There were some other tech issues too but Pandey's comment indicated all those have been settled to the market regulator's satisfaction.
According to reports, NSE's net profits for Q4 FY25 stood at Rs 2,650 core, which marked a 7% rise (y-o-y). Some reports have also claimed that the NSE IPO could hit the market close to Diwali this year. It is now waiting for a No Objection Certificate from the market regulator which is a non-negotiable requirement.
Though there is a lot of interest and enthusiasm around the issue, the price of the NSE share in the grey market has suffered an erosion mainly due to the poor experience of investors who paid a price which is far higher than the issue price and listing price of the Rs 12,500-crore HDB Financial IPO -- the biggest new issue of this year.
(Disclaimer: (Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.))
