NSE's ₹22,561.57-Crore IPO Makes Best Debut Among India's Five Biggest IPOs

NSE, the National Stock Exchange, made its debut on rival BSE on Thursday. This marked the first time an exchange has listed on another platform. The ₹22,561.57-crore IPO, valued at around $2.35 billion, is the second-largest in Indian stock-market history, behind only Hyundai Motor India's ₹27,858.75-crore issue in 2024.

The listing comes after a decade-long push to take NSE public. With the company's shares opening at ₹1,800 on the BSE, a 0.84% premium to the issue price of ₹1,785. They climbed as high as ₹1,878, or 5.21% above the issue price, before ending the day at ₹1,818, giving IPO investors a first-day gain of 1.85%.

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NSE'It's journey to listing began in 1992, the same year the securities scam associated with Harshad Mehta shook Dalal Street. It was recognised as a stock exchange by Sebi in April 1993 and began operations in 1994.

Comparing NSE's debut to other global IPOs. SpaceX raised a record $75 billion in its base IPO by selling about 555.56 million shares at $135 each. Valuing Elon Musk's space, satellite and AI business at around $1.77 trillion.

Other notable IPOs include Saudi Aramco's $25.60 billion base offering. Alibaba's $21.80 billion original offering, and Agricultural Bank of China's $19.20 billion combined Hong Kong and Shanghai IPO.

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India'It's biggest IPOs, including Hyundai Motor India's ₹27,858.75-crore issue, LIC's ₹20,557.23-crore IPO, and Paytm's ₹18,300-crore issue, have seen varying degrees of success on their debut days.

As Antropic, the AI firm behind Claude, makes its stock market debut, the company's long-term strategic vision remains shrouded in uncertainty. According to The Wall Street Journal, Antropic is poised for a highly anticipated initial public offering, with market analysts predicting a staggering $100 billion in potential funding at a valuation of approximately $2 trillion.