As IPO Season Heats Up, Unlisted Shares See Heightened Activity — Check NSE, NDSL, Tata Capital Share Price

While the primary markets have been abuzz with new listings, a parallel wave of enthusiasm is sweeping through the unlisted space. Investors are actively trading in shares of several marquee names, ahead of their expected public offerings.

At the top of the unlisted charts, Parag Parikh Financial Advisory Services is commanding a premium, with shares trading at Rs 12,800 apiece as of Thursday, as per market sources. Close behind is HDFC Securities, with its unlisted stock priced at Rs 11,000 per share.

With the National Stock Exchange eyeing a potential Diwali listing, excitement has spilled over into exchange-linked counters. NSE shares are being offered at Rs 2,240 each in lots of 100 shares, according to the sources. However, regulatory clearance is pending for the exchange's IPO, as SEBI's no-objection certificate will only be considered after the conclusion of a settlement process.

Meanwhile, Metropolitan Stock Exchange of India is trading at Rs 7.85 per share in lots of 10,000. Formerly known as MCX-SX, the exchange was established in 2008 by entities led by Jignesh Shah.

Commodity-focused exchanges are also seeing action:

• Indian Commodity Exchange: Rs 6 per share

• National Commodity & Derivatives Exchange: Rs 275 per share

• Power Exchange India: Rs 540 per share

Depository major National Securities Depository is witnessing trades at Rs 1,090 per share in lots of 100, as per the market sources. NSDL had received SEBI's go-ahead for its IPO on Sept. 30, 2024. The Rs 3,400-crore issue will be an entirely offer-for-sale by its key shareholders — IDBI Bank, NSE, SBI, HDFC Bank, and Union Bank of India.

Several high-profile unlisted companies are also attracting attention:

• PhysicsWallah: Trading at Rs 150 per share. The edtech unicorn has confidentially filed for an IPO worth over Rs 4,500 crore.

• Oyo: Priced at Rs 43 per share. The hospitality firm, which shelved earlier IPO plans due to the pandemic, is making another attempt at going public.

• Chennai Super Kings: Shares are changing hands at Rs 195 apiece.

• Tata Capital: Sources revealed that the company's shares are priced at Rs 940 per share. The Tata Group's financial services arm has also filed confidential IPO papers. The issue could raise up to Rs $2 billion, and will include both fresh issuance and stake sale, according to sources.

• Hero FinCorp: Trading at Rs 1,650 per share.

With IPOs looming and investor sentiment buoyant, India's unlisted markets are thus seeing renewed traction.