NSE IPO Set To Unlock Mega Gains For RK Damani, Premjis Low-Key Bets

Expert Analysis:

• NSE’s board approval for its proposed IPO via an offer for sale by existing shareholders could unlock over ₹20,000 crore in value for billionaire investors including Radhakishan Shivkishan Damani and Azim Premji, whose low‑profile stakes have appreciated substantially in the unlisted market.

• Premji Invest’s PI Opportunities Fund holds a 2.38% stake (5.98 crore shares), valued at ₹12,438–12,558 crore at unlisted prices of ₹2,080–2,100 per share; Damani owns 1.58% (3.91 crore shares post‑bonus), worth ₹8,130–8,207 crore, making NSE one of their largest non‑core holdings with potential 10x+ mark‑to‑market returns for Damani.

• NSE’s reconstituted IPO committee—chaired by Tablesh Pandey and including key directors—is now tasked with overseeing merchant banker appointments, DRHP preparation, and listing execution, with analysts projecting a 7–8 month timeline to listing and valuation of ₹5.1–5.2 lakh crore at prevailing grey market quotes.​