Ahead Of IPO, NSE's Value Soars 200% To Nearly Rs 5 Lakh Crore, Says Hurun India

India's largest equity bourse the National Stock Exchange of India Ltd. is all set to launch an IPO soon. It has reportedly restarted its listing process by applying for a no-objection from markets regulator SEBI.

According to the 2024 Burgundy Private Hurun India 500 list released on Tuesday, NSE's valuation has soared by 201% in 2024 to Rs 4.7 lakh crore. This makes it the 10th-most valuable private company in the country.

A September 2024 report had valued the exchange at Rs 3.12 lakh crore. According to a media report, the company aims to sell 10% holding via the public issue.

NSE's overall revenues in financial year 2023-24 had risen 28% to Rs 16,352 crore. Its post-tax profit stood at Rs 8,306 crore, a 51% increase.

The stock bourse had moved on the listing plans after getting some clarity on allegations of not allowing equitable access to its members.

While arriving at the valuation for private or unlisted companies, Hurun claims that it travels across the country, discussing with industry experts, journalists, and bankers, as well as delves through publicly available data sources.

The list of companies is led by Mukesh Ambani-led Reliance Industries Ltd. with a Rs 17.5-lakh-crore valuation, while Tata Consultancy Services Ltd. came second at Rs 16.1 lakh crore with a 30% growth.

Billionaire Gautam Adani's flagship Adani Ports and Special Economic Zone Ltd. was valued at Rs 2,73,530 crore as on Dec. 13, which was used as the cut-off date for the list.

The Adani Group, which includes nine listed companies, was valued at Rs 13.40 lakh crore, while the Ambani-led Reliance Group's overall valuation was pegged at Rs 19.71 lakh crore.

When it came to industrial groups, the salt-to-software Tata Sons Pvt. with a 37% jump in valuation to Rs 32.27 lakh crore.

The qualifying threshold for making it into the top-500 jumped 43% to Rs 9,580 crore during the year.

Hurun's Chief Researcher Anas Rahman Junaid said that this was the first time that all the companies in the list were valued at over $1 billion.

Cumulative value of companies in the list rose 40% to $3.8 trillion, while the biggest gains were witnessed by Motilal Oswal Financial Services Ltd., Inox Wind Ltd. and Dixon Technologies India Ltd., according to the list.

These 500 companies, with a combined revenue of $1 trillion, posted a profit of Rs 8 lakh crore, paid Rs 2.2 lakh crore in taxes and employ 85 lakh people, it said.

They collectively spent Rs 11,000 crore under the corporate social responsibility aspect in 2024, the report added.

(With inputs from PTI)

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