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Celebs Bet Big on NSE IPO
12 Aug
Summary
- Celebrities are buying unlisted NSE shares for potential IPO gains.
- NSE filed draft prospectus for a major Indian stock exchange IPO.
- NSE dominates Indian equity trading and options markets.
A number of prominent Bollywood actors and cricketing legends have recently acquired unlisted shares of the National Stock Exchange (NSE), anticipating significant returns from its upcoming Initial Public Offering (IPO) later this year. Celebrities such as Sachin Tendulkar, Sunil Gavaskar, Aamir Khan, and others have invested in these shares, seeking to capitalize on what is expected to be one of India's largest stock market debuts.
NSE submitted its draft red herring prospectus (DRHP) to the market regulator in June. This filing outlines an offer for sale of up to 149 million shares, representing approximately 6% of NSE's paid-up capital, by existing institutional shareholders. No new equity will be issued as part of this transaction. Investors are attracted by NSE's strong market position, holding a 93.1% share of equity cash trading and a 69.4% share in equity options as of June.
