NSE’s Valuation Skyrockets 200% to ₹4.7 Lakh Crore Ahead of Blockbuster IPO

The National Stock Exchange (NSE) of India has witnessed a remarkable 200% surge in its valuation, reaching Rs 4.7 lakh crore, as reported by the 2024 Burgundy Private Hurun India 500 list. This significant growth positions NSE among India's top 10 most valuable companies for the first time. In the fiscal year 2023-24, NSE's revenues increased by 28% to Rs 16,352 crore, while net profit rose by 51% to Rs 8,306 crore. The exchange is progressing towards its long-anticipated initial public offering (IPO), having reapplied for a "no-objection" certificate from the Securities and Exchange Board of India (SEBI) to proceed with the listing. 

 

Source: Business Standard, Reuters