NSE’s long‑awaited IPO, filed with SEBI in December 2016, finally clears regulatory hurdles and is slated to list on September 24. The offering is a pure offer for sale, totaling ₹22,561 crore, and will see the exchange’s shares traded on the BSE and NSE.
Azim Premji’s PI Opportunities Fund I tops the list with 5.82 crore shares, a stake worth ₹10,231.6 crore at the upper price band of ₹1,785. The fund is not liquidating any of its holdings, indicating confidence in the new equity.
Right beside Premji, 360 ONE controls 4 crore shares, valuing its position at ₹7,139.3 crore. Founder Radhakishan Damani of DMart holds 3.9 crore shares, worth ₹6,856 crore, and keeps the entire block intact.
Other heavyweight investors include Sunil Kant Munjal’s 1.02 crore shares at ₹1,821.2 crore, Infosys co‑founder Kris Gopalakrishnan’s 94.29 lakh shares worth ₹1,683 crore, Tiger Global’s 56 lakh shares valued at ₹999.6 crore, and N R Narayana Murthy’s Catamaran holding 38.5 lakh shares, ₹687 crore.
A handful of players are trimming positions: Aranda Investments, owned by Temasek Holdings, is selling 1.12 crore shares from its 11.25 crore‑share pile; Mahagony will retain 8.93 crore; Crown Capital 4.55 crore; TA Asia Pacific 3.23 crore; and MS Strategic, linked to Morgan Stanley, keeps 1.88 crore.
With the total pre‑market stake value hovering near ₹30,000 crore—more than 10% of the IPO’s own valuation—traders can expect a high‑volume debut. Analysts note that the full retention by major holders signals not just confidence but also potential liquidity for the first trading day. Investors should monitor the opening bid‑ask spread and watch for any early‑day volatility as the exchange opens its doors on September 24.