The ₹26,000‑crane IPO hit a 12‑times subscription, sending the new listing to the BSE where it opened at a 0.8% premium to the ₹1,785 issue price—closing at ₹1,817 and up 0.94%.
Macquarie rolled out an ‘Outperform’ rating with a ₹1,965 target, while PL Capital followed suit, assigning an ‘Accumulate’ rating and a ₹1,950 target.
CEO Ashishkumar Chauhan said the worst of the equity‑options market‑share loss is behind the exchange, noting that weekly options now generate 42% of total revenue.
Chairman Srinivas Injeti highlighted the 32‑year legacy of tick‑by‑tick data as a “hidden asset” and flagged Electronic Gold Receipts as a potential revenue driver over the next three years.
Analysts expect the listing to drive incremental data‑monetisation and options trading, with the next quarterly guidance slated for early October. The market’s modest debut suggests confidence in the exchange’s long‑term growth engines.