The National Stock Exchange (NSE) has filed its draft prospectus with market regulator Sebi for an initial public offering estimated to be upwards of Rs 30,000 crore, potentially becoming the largest Indian IPO ever. The filing revealed that several top investors and seasoned businessmen hold stakes in the country's largest bourse, accumulated through trades in the unlisted market, with no intention to sell in the public offer.
Key Individual Shareholders
Of the 421 shareholders in NSE, nearly 200 are individual shareholders. Billionaire investor and D-Mart founder Radhakishan Damani tops the list with a 1.58% stake, valued at about Rs 8,600 crore based on an estimated IPO price of Rs 2,200 per share. Damani, 70, is the 13th largest shareholder overall.
Sunil Kant Munjal, chairman of Hero Enterprise, holds 0.41% of NSE, making him the second-largest individual shareholder with a stake worth approximately Rs 2,245 crore. Infosys co-founder S Gopalakrishnan and Dubai-based investor Siddharth Balachandran each own 0.38%, valued at over Rs 2,000 crore each. Balachandran also holds about 2% in BSE, NSE's rival exchange, where he is the largest individual shareholder.
Vanaja Sundar Iyer owns 0.18% in NSE, worth nearly Rs 1,000 crore. She, along with Siddharth Iyer, runs SI Investments & Broking. Siddharth Iyer also holds a 0.15% stake. Ignatius Noronha, former CEO of D-Mart, owns 0.12%, while Sobha founder PNC Menon holds 0.08%, and well-known investor Dolly Khanna owns 0.06%.
Other Notable Shareholders
Other individual shareholders include Ambuja Cements founder Narotam Sekhsaria and his son Pulkit Sekhsaria. Industrialists have also routed their investments through family offices and closely held entities such as Adani Properties and Serum Institute.
The largest shareholder in NSE is life insurance major LIC with a 10.72% stake, followed by Singapore's Temasek with 4.54%.
