(i) The National Stock Exchange of India Ltd. (NSE) is the leading stock exchange in India and the second largest in the world by nos. of trades in equity shares from January to June 2018, according to the World Federation of Exchanges (WFE) report.
(ii) NSE launched electronic screen-based trading in 1994, derivatives trading (in the form of index futures), and internet trading in 2000, which were each the first of its kind in India.
(iii) NSE has a fully-integrated business model comprising our exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions, and financial education offerings. NSE also oversees compliance by trading and clearing members and listed companies with the rules and regulations of the exchange.
(iv) NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE believes that the scale and breadth of its products and services sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients.
(v) NSE was incorporated in 1992. It was recognized as a stock exchange by SEBI in April 1993 and commenced operations in 1994 with the launch of the wholesale debt market, followed shortly after by the launch of the cash market segment.
History of NSE
1995: Setup wholly-owned subsidiary, NSE Clearing, which became the first clearing corporation to be established in India (according to the Oliver Wyman Report). NSE Clearing commenced clearing and settlement operations in the following year.
1998: Established NSE Indices, their subsidiary, as a joint venture with CRISIL Limited to operate an indices business. NSE Indices became a wholly-owned subsidiary in 2013 following the acquisition of CRISIL's 49% stake.
1999: Established NSEIT, a wholly-owned subsidiary and a global technology firm that provides end-to-end technology solutions, including application services, infrastructure services, analytics as a service, and IT-enabled services. In 2015 and 2016, respectively, NSEIT launched its Testing Center of Excellence and Integrated Security Response Center
2000: Incorporated DotEx, a wholly-owned subsidiary, and consolidated the data and info-vending business under DotEx.
2006: Incorporated NSE Infotech Ltd., a wholly-owned subsidiary for IT research and development.
2016: Consolidated the education business under NSE Academy, a wholly-owned subsidiary. Incorporated two new subsidiaries, NSE IFSC Limited and NSE IFSC Clearing Corporation Limited, in furtherance of NSE's long-term business strategy to establish an international exchange in GIFT City.
Subsidiaries of NSE:
Name of Entity | Place of Incorporation | Ownership % |
NSE Clearing Limited (formerly known as National Securities Clearing Corporation Limited) | India | 100 |
NSE Investments Ltd (formerly known as NSE Strategic Investment Corporation Limited) | India | 100 |
NSEIT Limited | India | 100 |
NSEIT (US) Inc. | United States of America | 100 |
NSE Indices Ltd (formerly known as India Index Services & Products Limited) | India | 100 |
NSE Data & Analytics Limited (formerly known as DotEx International Limited) | India | 100 |
NSE Infotech Services Limited | India | 100 |
NSE IFSC Limited | India | 100 |
NSE IFSC Clearing Corporation Limited | India | 100 |
NSE Academy Limited | India | 100 |
NSE Foundation (Section 8 Company) | India | 100 |
Aujas Networks Private Limited | India | 95.39 |
NSE Unlisted Share Price Movement
NSE is one of the top-performing shares in the unlisted market which makes it always a better choice for investors to invest in. The unlisted shares in the last year have been consistently falling up to 50%. Despite the massive fall in the majority of unlisted shares, NSE has gone up from INR 3400 per share to INR 3700 per share. In August 2022, the NSE Unlisted share price was Rs. 3400 which is now Rs. 3700. Note: Check the Latest NSE Unlisted Share Price at UnlisteZone Android or iOS Mobile App.
Current Valuation of NSE Unlisted Share Price in the market
In the unlisted market, the NSE unlisted share price is Rs.3700 per share and total outstanding shares as on 31.03.2023 were ~50 Crores. So, the valuation of NSE in the unlisted market is Rs.1,85,000 Crores. The valuation in the last 3 years has gone up by 3x. The same growth is reflected in the Revenue and PAT of NSE in the last 3 years making it still an undervalued stock. As per the trends of Option volumes on the exchanges, this valuation will increase further.
IPO News
The IPO of NSE was expected to take place in the next 2 years. In the past, market regulator SEBI passed an order on NSE over the violation of securities contract rules and some probes initiated by some agencies in a co-location case which resulted in a delay in the IPO. However, the co-location case has already been settled by SAT and SC also directed SEBI to return 1000 Cr they have taken in the co-location case. However, the SEBI has gone for an appeal and same will be heard in Sept-23.
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Find answers to common questions that you may have in your mind.
Buying NSE Unlisted Shares is a two-stage process.
In the first stage, you need to provide KYC documents for name approval from the NSE board. This includes a CML copy, PAN card, Aadhar card, and a cancelled cheque. Various Annexures and an SPA are then prepared and submitted to NSE for clearance.
The second stage involves obtaining a verification letter from your broker and using DIS slips to transfer shares. The entire process can take up to three months.
The entire process can take up to three months, divided into two stages. The first stage can take 1 to 1.5 months, and the second stage takes about another month.
In addition to the price of the shares, you will need to pay for stamp papers, which cost INR 5000 for each of the several Annexures required in the process and document preparation charges of INR 5000 to be given to the consultant who will help us in preparing NSE Unlisted Shares document.
You need to submit your Client Master List (CML) copy, PAN card, Aadhar card, and a cancelled cheque for KYC purposes.
The process of buying of NSE Unlisted Shares is quite structured and involves specific stages that take a fixed amount of time. However, ensuring that all documents are submitted correctly and without errors can help avoid delays.
If you encounter any problems during the transfer of NSE Pre-IPO shares, UnlistedZone offers assistance in completing the transfer of shares.
Yes, in the second stage of the process, you will require a verification letter from your broker authenticating your DP IDs and your signature.
The 'ISIN Suspended' status for NSE shares in your DP account is due to the unique process involved in the transferability of these shares. The International Securities Identification Number (ISIN) for NSE shares is not permanently active due to their unlisted nature and the strict regulatory controls governing them.
Here's how the process works:
1. Board Approval: Transfer of NSE shares requires prior approval from the NSE board. This is a special condition imposed on these shares to monitor and regulate their transfer.
2. Temporary ISIN Activation: Once the board approves a transfer, the ISIN for these shares is temporarily activated. This is solely to facilitate the transfer process from the seller to the buyer.
3. Share Transfer and ISIN Suspension: After the shares are transferred to the buyer's account within the active ISIN window, the ISIN is immediately suspended again. This suspension is a control measure to prevent further trading or unauthorized transfer of these shares until another approval is obtained for a subsequent transfer.
This mechanism ensures that all transfers of NSE shares are conducted under strict regulatory oversight, aligning with the guidelines for unlisted shares. The periodic suspension and activation of the ISIN are part of this regulatory framework.
The price of NSE Unlisted Shares is determined by the market demand and supply, and it may also be influenced by the company’s financial performance, market sentiment, and potential future growth. As these shares are not traded on a public exchange, pricing information may not be as readily available as for listed shares.
Yes, NSE Unlisted Shares typically have a lock-in period of 6 months from date of listing. It means you cannot sell the shares immediately after listing. However, before listing the NSE Unlisted Shares can be sold anytime in the unlisted market.
The specific duration of the lock-in period should be verified at the time of investment.
Investing in NSE Unlisted Shares involves risks like limited liquidity, regulatory changes, and the potential delay in share transfer due to the requirement of board approval. Investors should also consider the market conditions and the company's financial performance before investing.