NSE shares see surge in grey market volumes amid listing hopes
Retail investors return to NSE unlisted market as IPO hopes brighten
The Supreme Court's recent ruling in SEBI's legal dispute has sparked renewed investor interest in NSE's unlisted shares, leading to a surge in grey market trading volumes. Trading activity in the grey market has skyrocketed more than ten times over the past two days, despite the stock remaining relatively stable between ₹1,945 and ₹2,045. Most retail investors are optimistic buyers in the unlisted market, while institutions are more cautious and remain sellers.
Vijay Gada, Founder of KuberGrow Financials, explained that the court's decision has removed a significant barrier to NSE's planned public listing, prompting a renewed buying frenzy among retail investors. The exchange has already submitted draft papers for its IPO, which consists of a 100% Offer for Sale (OFS) of up to 14.89 crore shares, or approximately 6% of its total equity capital.
Based on current unlisted market valuations, the IPO could be valued at around Rs 30,000 crore, making it one of the most substantial public offerings in India.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
