Shares of the National Stock Exchange of India (NSE) rose more than 5% during Thursday’s trading session, pushing the exchange into the top 10 most valuable companies listed on the BSE by market capitalisation.
NSE shares opened at ₹1,800, around 0.84% above their issue price of ₹1,785. The stock subsequently climbed 5.21% to an intraday high of ₹1,878.
At that price, NSE’s market capitalisation stood at about ₹4.55 lakh crore, placing it among India’s largest listed companies by market value.
Its rival, BSE Ltd, had a market capitalisation of around ₹1.32 lakh crore, highlighting the difference in valuation between the two exchanges.
NSE’s listing followed an initial public offering (IPO) valued at ₹22,569 crore, making it India’s second-largest IPO. The issue attracted strong investor interest and was subscribed nearly six times by the close of bidding.
The IPO generated demand worth nearly ₹90,300 crore against the issue size of about ₹22,568 crore, with institutional investors accounting for a significant portion of the demand.
The listing gives NSE’s existing shareholders access to a publicly traded market for the company’s shares, while investors can now buy and sell the stock on the exchange.
However, NSE’s position among India’s most valuable companies will continue to change with movements in its share price.
Market capitalisation is calculated by multiplying a company’s share price by the number of outstanding shares. As a result, changes in NSE’s stock price can directly affect its ranking relative to other major listed companies.
The strong debut and subsequent gains come as India’s capital markets continue to attract significant investor participation. NSE operates one of the country’s largest securities markets and is a major platform for trading equities, derivatives and other financial instruments.
Its public listing also brings greater visibility to the exchange as investors assess its growth prospects, earnings and valuation in the listed market.
