Angel One, BSE Shares Fall As SEBI Plans Grey Market Regulation for Unlisted Companies like NSE, CSK & Others

On Friday, BSE Ltd shares fell 0.92% while Angel One Ltd slipped 0.39% to Rs 2,528.00 by midday. The decline comes as Securities and Exchange Board of India (Sebi) considers regulating the grey market for unlisted shares, a move that could impact platforms like BSE and Angel One, which are closely linked to capital markets and pre-IPO activity.

Sebi is considering regulating the grey market, where shares of unlisted firms like NSE, Chennai Super Kings Cochin International Airport and Mohan Meakins are traded unofficially as per the report of the Economics Times.

This initiative aims to improve price discovery for these companies before their official stock market debut, while also increasing tax revenue for the government. India's IPO market remains strong, raising $2.8 billion in Q1 despite global economic challenges.

BSE Share Price Today

NSE: BSE; On August 22, shares of BSE Ltd were trading lower at Rs 2,310.80 around 12:16 PM, marking a decline of Rs 21.40 or 0.92% for the day. The stock began the session at Rs 2,331.30, moved up to an intraday high of Rs 2,353.50, but later dipped to a low of Rs 2,292.20.

In terms of its broader performance, BSE Ltd is currently trading well below its 52-week high of Rs 3,030.00, though it has gained significantly from its 52-week low of Rs 889.83.

Angel One Share Price Today

NSE: ANGELONE; As of 12:22 PM on August 22, shares of Angel One Ltd were trading at Rs 2,528.00, down by Rs 9.80 or 0.39% for the day. The stock opened at Rs 2,545.00 and touched an intraday high of Rs 2,568.00, before slipping to a low of Rs 2,526.10 during the session.

Angel One currently holds a market capitalization of Rs 22,970 crore and trades at a price-to-earnings (P/E) ratio of 23.50. In terms of its 52-week performance, Angel One is well below its 52-week high of Rs 3,503.15, but remains above its 52-week low of Rs 1,941.00

Sebi chairman Tuhin Kanta Pandey highlighted the lack of sufficient pre-listing information for investors at an industry event. He proposed a pilot project for a regulated platform where pre-IPO companies could trade with certain disclosures.

Grey Market Trading Dynamics

The grey market has functioned without Sebi or stock exchange oversight for years. Although unofficial, trading in grey market stocks is legal and helps predict listing prices. Pandey mentioned Sebi's plans to collaborate with the corporate affairs ministry and stock exchanges to create a regulated platform for pre-IPO or unlisted companies to trade with necessary disclosures.

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