If NSE is valued between ₹1,800 and ₹2,200 per share, several institutional investors could be sitting on substantial gains. Take a look at the value …
1/13The National Stock Exchange (NSE) has filed its Draft Red Herring Prospectus (DRHP) with market regulator SEBI for its IPO, which is likely to be the biggest in the country’s history. Some of the early backers of the exchange, classified as “selling shareholders”, are set for major gains as their acquisition costs are nearly negligible. Here’s a look at some of these names and how much they are likely to earn.
2/13LIC’s NSE stake would be valued at ₹47,750 crore at ₹1,800 per share, ₹53,055 crore at ₹2,000 per share and ₹58,361 crore at ₹2,200 per share. However, India’s largest insurance company will not be selling any stake in the IPO.
3/13SBI Capital Markets’ NSE stake would be valued at ₹19,305 crore at ₹1,800 per share, ₹21,450 crore at ₹2,000 per share and ₹23,595 crore at ₹2,200 per share. No stake sale is proposed.
4/13State Bank of India’s (SBI) NSE holding would be worth ₹9,917 crore at ₹1,800 per share, ₹11,019 crore at ₹2,000 per share and ₹12,121 crore at ₹2,200 per share. At ₹2,000 per share, the proposed stake sale could fetch India’s largest lender around ₹4,948 crore.
5/13MS Strategic (Mauritius) Ltd.’s stake would be valued at ₹2,477 crore at ₹1,800 per share, ₹2,752 crore at ₹2,000 per share and ₹3,027 crore at ₹2,200 per share. The proposed sale could generate about ₹3,094 crore at ₹2,000 per share.
6/13Canada Pension Plan Investment Board’s (CPPIB) NSE holding would be worth ₹4,987 crore at ₹1,800 per share, ₹5,541 crore at ₹2,000 per share and ₹6,095 crore at ₹2,200 per share. The stake sale could fetch the firm nearly ₹1,990 crore, in case the shares are sold at ₹2,000 per share.
7/13Aranda Investments (Mauritius) Pte Ltd.’s stake would be valued at ₹18,218 crore at ₹1,800 per share, ₹20,243 crore at ₹2,000 per share and ₹22,268 crore at ₹2,200 per share. At ₹2,000 per share, the proposed sale could yield about ₹2,179 crore.
8/13Bank of Baroda’s NSE stake would be worth ₹1,932 crore at ₹1,800 per share, ₹2,147 crore at ₹2,000 per share and ₹2,361 crore at ₹2,200 per share. The proposed sale could fetch around ₹2,197 crore at ₹2,000 per share.
9/13Stock Holding Corporation of India’s (SHCIL) holding would be valued at ₹17,840 crore at ₹1,800 per share, ₹19,822 crore at ₹2,000 per share and ₹21,804 crore at ₹2,200 per share. The stake sale could generate about ₹2,177 crore at ₹2,000 per share.
10/13General Insurance Corporation of India’s (GIC Re) NSE stake would be worth ₹5,408 crore at ₹1,800 per share, ₹6,008 crore at ₹2,000 per share and ₹6,609 crore at ₹2,200 per share. At ₹2,000 per share, the proposed sale could fetch around ₹2,126 crore.
11/13The New India Assurance Company’s holding would be valued at ₹4,446 crore at ₹1,800 per share, ₹4,940 crore at ₹2,000 per share and ₹5,434 crore at ₹2,200 per share. The stake sale could generate about ₹2,100 crore at ₹2,000 per share.
12/13National Insurance Company’s NSE stake would be worth ₹5,256 crore at ₹1,800 per share, ₹5,840 crore at ₹2,000 per share and ₹6,424 crore at ₹2,200 per share. At ₹2,000 per share, the proposed sale could fetch around ₹1,200 crore.
13/13United India Insurance Company’s holding would be valued at ₹2,410 crore at ₹1,800 per share, ₹2,678 crore at ₹2,000 per share and ₹2,946 crore at ₹2,200 per share. The proposed sale could generate about ₹600 crore at ₹2,000 per share.
