10 hrs ago
NSE IPO Opens With Strong Growth, Dominant Market Position
NSE is one of India’s biggest marketplaces for buying and selling shares and other financial products.
It has a very large share of India’s trading activity.
More than 132 million investors use the exchange, and 3,005 companies are listed on it.
NSE earned Rs 4,560 crore in revenue during Q1FY27, which was 13% more than a year earlier.
Its technology can process around 13 billion messages each day.
Because its business does not require many physical assets, it has maintained very high profit margins.
NSE plans to add new products, invest in technology, and expand its data and international businesses.
A brokerage believes these strengths make the IPO attractive for investors with a medium- to long-term outlook.
National Stock Exchange of India reported a 13% year-on-year revenue rise to Rs 4,560 crore in Q1FY27.
NSE held 93.1% of India’s cash equity market and leading shares in equity futures and options.
The exchange had more than 132 million registered investors and 3,005 listed entities as of Q1FY27.
Its asset-light model supported EBITDA and adjusted PAT margins of 78% and 67%, respectively.
A brokerage assigned a 'SUBSCRIBE' rating, citing long-term growth prospects despite a valuation of about 42 times FY26 adjusted earnings.
- Who
- National Stock Exchange of India and investors considering its IPO.
- What
- NSE’s historic IPO share sale has begun, with a brokerage recommending investors subscribe for the medium to long term.
- Where
- India’s capital markets, with planned expansion through GIFT City and the International Financial Services Centre.
- When
- The reported operating figures are for Q1FY27; the article also cites the December 2024 Settlement Guarantee Fund corpus.
- Why
- The recommendation is based on NSE’s market dominance, high margins, scalable technology, strong cash generation, and expected growth in capital-market participation.
Key facts
- Q1FY27 revenue
- Rs 4,560 crore, up 13% year on year.
- Cash equity market share
- 93.1% as of Q1FY27.
- Equity futures market share
- 99.7% as of Q1FY27.
- Equity options market share
- 68.5% as of Q1FY27.
- Registered investors
- More than 132 million.
- Listed entities
- 3,005.
- IPO valuation
- About 42 times FY26 adjusted earnings per share at the upper price band of Rs 1,785 per share.
- Brokerage view
- SUBSCRIBE for medium- to long-term investors.
Sources
Related news
NSE IPO: Strong Market Position, Risks and Brokerage View
NSE IPO Opens With Strong Demand and Brokerage Support
NSE IPO Highlights Growth Prospects and Key Brokerage Risks
NSE IPO Draws Long-Term Subscribe Call Despite Derivatives Risks
NSE Defends IPO Pricing, Predicts Sustainable Derivatives Revenue Amid Growth
NSE IPO Opens Tomorrow as Analysts Weigh Growth, Valuation Risks
Rupee Recovers From Eight-Week Low on RBI, Inflows
India’s Retail Leverage Shifts From Options To Slower MTF
Indian Markets Flat as Fed Hike Weighs, NSE IPO Opens
NSE Launches £1.76bn IPO After Decade-Long Wait
Advent International Invests Rs 3,150 Crore in Yatharth Hospitals
