Practice: Radhakishan Damani, one of the world’s largest investors of the stock market, is now standing on another big earning threshold. The National Stock Exchange (NSE )’s Initial Public Offer (IPO) can unlock a value of about Rs 9,300 crore. This IPO is expected to come soon. According to NSE’s recent shareholding data, Radhakishan Damani has 3.91 crore shares of NSE, which is equivalent to its 1.58% stake. Currently, a share of NSE is trading at a price of about Rs 2,389 per share in the unlisration market. Accordingly, the value of Damani’s share is about ₹ 9,300 crore.
Although it is not clear whether Damani will sell any part of his shares in this IPO, but this investment has now become the second largest holding in his portfolio. His biggest investment is in Avenue Supermarts, a superstore -run company called ‘DMART’, he is a founder himself.
Damani is generally known for his big investments in the retail sector, such as his share in Deemart is around Rs 1.92 lakh crore. Apart from this, he has a stake of Rs 2,788 crore in Tata Group’s company Trent Limited and Rs 1,560 crore in VST Industries. However, now his investment in NSE shows his long -tail on the country’s financial ecosystem.
According to data up to March 2025, Radhakishan Damani had invested in shares of a total of 12 companies, the total value of which is around Rs 1.99 lakh crore.
NSE IPO: A Game-Create
NSE’s Initial Public Offer (IPO) broker Street has been waiting for a long time. This IPO is expected to come in the current financial year. This IPO can bring a major increase in Damani’s wealth. It is believed that SEBI can approve the IPO application of NSE this month, which will speed up the listing process.
The NSE has also filed a settlement application to settle its old co-location and dark fiber case, which can remove the regulatory obstacles in the way of the IPO.
In the NSE Q4 conference call on 7 May 2025, MD and CEO, Ashish Kumar Chauhan said that the exchange has responded to SEBI’s 28 February letter and has given a formal application of No Objection Certificate (NOC) required for IPO.
Tremendous enthusiasm among investors
The NSE has almost monopoly in India’s Cash Equity Segment, as well as its financial health. For this reason, investors are expected to have tremendous interest in the IPO. The shareholding data up to March 2025 shows that large institutional investors like SBI, LIC, GIC Re and New India Assurance are already participating in the NSE.
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