Whalesbook
So, hua kya hai ki SEBI ko ek panel ne bola hai ki National Stock Exchange (NSE) ko apne purane cases ko settle karne ke liye lagbhag ₹1800 Crore dene chahiye. Yeh amount jo NSE ne last year ₹1300 Crore ka provision rakha tha, usse kaafi zyada hai. Iska matlab hai ki saalon se chal rahe governance aur access issues ko solve karne ka kharcha thoda zyada aa raha hai. Ab SEBI ek formal letter dega aur paisa jama hone ke baad settlement order aa jayega.
Ab jab yeh regulatory tension kam ho gayi hai, toh NSE ne apne IPO ki preparations ko speed de di hai. Yaar, unhone record 20 banks appoint kiye hain IPO manage karne ke liye! Aur jo existing investors hain, unse bhi bola ja raha hai ki woh apna stake bechna chahte hain toh bata dein. Date hai April 27.
NSE koi chota-mota exchange nahi hai, bhai. Yeh India ka sabse bada aur duniya ka derivatives volume ke hisaab se sabse bada exchange hai. Jab yeh list hoga, toh yeh India ke capital market history ka sabse bada listing banega. Kuch reports ke hisaab se iski valuation Trillions of US Dollars mein hai, aur unlisted market mein yeh ₹4.95 Lakh Crore ($495 billion) ke aas paas hai. Iske comparison mein BSE Ltd. toh kaafi chota lagta hai, jiski market cap ₹1.43 Trillion hai.
Aur haan, yeh sab aise time pe ho raha hai jab India mein IPO market kaafi garam hai. FY2025-26 mein financial services sector ne sabse zyada IPO fundraising ki hai. Experts bol rahe hain ki 2026 mein bhi IPOs ka momentum bana rahega, jismein BFSI aur tech sector lead karenge.
Par haan, kuch cheezein hain jinpe dhyan dena hoga. Yeh ₹1800-1880 Crore ka settlement amount, jo pehle provision se zyada hai, yeh dikhata hai ki past mein jo gadbadiyan hui thi (jaise co-location scam aur Anand Subramanian appointment issue), unka daag mitane ka kharcha bada hai. Yeh ₹40.35 Crore ka settlement jo data management lapses ke liye August 2025 mein hua tha, woh bhi yaad rakhna chahiye.
Ab jab regulatory hurdles clear ho gaye hain, toh NSE expect kar raha hai ki woh jaldi hi apna IPO filing kar dega. Yeh IPO mostly Offer for Sale (OFS) hoga, matlab existing shareholders apna stake bechenge, company khud naya paisa nahi uthayegi. Yeh listing kaafi value unlock karegi, especially un state-owned insurance companies ke liye jinke paas NSE ke shares hain. Dekhte hain, yeh long-delayed public debut kaisa hota hai.