Latest news with #RadhakishanShivkishanDamani
News18
03-07-2025
- Business
- News18
Radhakishan Damani's Rs 9,300 Crore Jackpot? NSE IPO May Unlock Massive Gains
Last Updated: This holding now ranks as Damani's second-largest investment by value, behind only Avenue Supermarts (DMart) NSE IPO: Ace investor Radhakishan Shivkishan Damani — widely regarded as one of India's sharpest market minds — is poised to gain significantly from his strategic investment in the National Stock Exchange (NSE), which is edging closer to its long-awaited IPO. As per recent shareholding disclosures, Damani holds a 1.58% stake in NSE, translating to 3.91 crore shares. At the prevailing unlisted market price of Rs 2,389 per share, the value of his stake stands at a staggering Rs 9,300 crore. It's important to highlight that it is still unclear whether Damani intends to sell any part of his stake in the forthcoming IPO. This holding now ranks as Damani's second-largest investment by value, behind only Avenue Supermarts (DMart), the retail powerhouse he founded. It comfortably eclipses other major holdings in his portfolio, such as Trent (Rs 2,788 crore) and VST Industries (Rs 1,560 crore), highlighting the importance of NSE in his broader investment strategy. While Damani is best known for his high-conviction investments in the retail space — particularly his Rs 1.92 lakh crore stake in DMart — his relatively low-profile bet on NSE underscores a long-term vision aligned with India's evolving financial ecosystem. With an overall portfolio of over Rs 1.99 lakh crore across 12 listed companies (as of March 2025), NSE stands out as one of the few financial infrastructure plays in his holdings — and potentially among the most rewarding. The NSE IPO, expected to launch in FY26, could significantly boost Damani's net worth. The listing process is expected to gain momentum following SEBI's anticipated nod to the DRHP, possibly by July 2025. The exchange has also submitted two settlement applications to resolve pending co-location and dark fibre cases, a step that could remove regulatory roadblocks and pave the way for its public debut. During NSE's Q4 earnings call on May 7, MD & CEO Ashishkumar Chauhan confirmed that the exchange had responded to SEBI's February 28 letter and formally applied for the No Objection Certificate (NOC) required to move ahead with the IPO. The NSE's IPO is likely to see overwhelming investor interest, driven by its market dominance, strong financials, and monopoly status in the cash equities segment. While the issue structure will only become clear post-DRHP, the March 2025 shareholding pattern already shows significant participation from marquee institutions like SBI, LIC, GIC Re, and New India Assurance. As the IPO approaches, all eyes will be on whether Damani chooses to offload a portion of his Rs 9,300 crore holding or stays the course with what could be one of the most lucrative investments in his legendary portfolio.
Time of India
03-07-2025
- Business
- Time of India
Rs 9,300 crore stake! NSE IPO to unlock massive value for billionaire Radhakishan Damani
Ace investor Radhakishan Shivkishan Damani, often hailed as one of India's sharpest market minds, stands to gain substantially from his strategic stake in the National Stock Exchange (NSE), which is inching closer to its long-awaited IPO. According to shareholding filed, Damani holds a 1.58% stake in NSE , amounting to 3.91 crore shares. At the latest unlisted market price of Rs 2,389 per share, his stake is valued at a staggering Rs 9,300 crore. It's important to highlight that it is still unclear whether Damani intends to sell any part of his stake in the forthcoming IPO. This makes NSE his second-largest holding by value—right after Avenue Supermarts (DMart), the retail giant he founded. It places well ahead of other key positions in his portfolio, including Trent (Rs 2,788 crore) and VST Industries (Rs 1,560 crore), underscoring the sheer scale and significance of this financial infrastructure play in his investment arsenal. This investment could add substantial momentum to Damani's net worth as NSE prepares for a long-awaited listing — expected sometime in FY26, following SEBI 's green light for DRHP filing, potentially by July 2025. A Rare Play in Financial Infrastructure While Damani's portfolio is best known for high-conviction bets in the retail sector — most notably his Rs 1.92 lakh crore stake in Avenue Supermarts (DMart) — his quiet bet on NSE reflects a broader investment strategy that includes high-value, low-noise assets in India's financial backbone. Live Events With a portfolio valued at over Rs 1.99 lakh crore across 12 publicly disclosed companies (as of March 2025), Damani's stake in NSE stands out as potentially one of the most rewarding in the near future. IPO Catalyst on the Horizon The NSE's IPO is expected to attract massive investor interest, given its strong financials, market dominance, and monopoly status in the cash equities segment. For Damani, the listing could unlock considerable value from a long-term, pre-IPO investment that has now come full circle. As the exchange resolves its regulatory hurdles — including legacy co-location and dark fiber issues — the IPO timeline is taking shape. Post SEBI's no-objection certificate, the filing of the Draft Red Herring Prospectus (DRHP) and subsequent approval process is expected to stretch into late 2025, with a potential listing in Q4 FY26. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
