2 hrs ago
NSE IPO Could Deliver ₹16,500 Crore Shareholder Gains
The National Stock Exchange is planning to sell shares to the public through an IPO.
Some existing shareholders will sell their shares in this process.
They bought many of these shares at very low prices.
If the IPO price reaches ₹1,785 per share, the sellers could receive about ₹17,035 crore.
Their original investment was only about ₹534 crore.
This means their estimated total gain could be nearly ₹16,501 crore.
State Bank of India is expected to make the biggest gain.
The number of shares being sold has been reduced from the earlier proposal.
Ten selling shareholders could receive about ₹17,035 crore at the IPO’s upper price of ₹1,785 per share.
Their combined acquisition cost was approximately ₹534 crore, implying estimated gains of nearly ₹16,501 crore.
State Bank of India is expected to record the largest gain, estimated at about ₹2,851 crore.
CPP Investments, Aranda Investments and MS Strategic are also projected to receive more than ₹1,900 crore each.
The offer-for-sale size has been reduced to about 126 million shares from nearly 149 million previously proposed.
- Who
- Ten existing National Stock Exchange shareholders, including State Bank of India, CPP Investments and other institutions.
- What
- The shareholders plan to sell about 126 million National Stock Exchange shares through an offer for sale as part of the IPO.
- Where
- The articles do not specify a location for the IPO.
- When
- The IPO is upcoming; the articles do not provide a specific date.
- Why
- The shareholders are selling shares at the proposed IPO price, which is substantially higher than their reported acquisition costs.
Key facts
- IPO upper price
- ₹1,785 per share
- Potential proceeds
- About ₹17,035 crore for the ten selling shareholders
- Combined acquisition cost
- Approximately ₹534 crore
- Estimated total gains
- Nearly ₹16,501 crore
- Revised offer size
- About 126 million shares
- Earlier proposed offer size
- Nearly 149 million shares
- Largest projected gain
- State Bank of India: about ₹2,851 crore
Sources
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