NSE IPO: PSUs Hold 31% Stake Worth Rs 1.74 Lakh Crore; LIC, SBI, General Insurance Among Top Beneficiaries

NSE IPO: The National Stock Exchange (NSE) is preparing for its long-anticipated Initial Public Offering (IPO), with shares currently valued at Rs 2,350 each in the unlisted market. At this price, the exchange's estimated market capitalisation stands at approximately Rs 5.56 lakh crore. The upcoming public listing is expected to provide a significant boost to India's state-run enterprises, offering both visibility and liquidity into their investments.

PSUs Hold 31% Stake in NSE, Worth Rs 1.74 Lakh Crore

Collectively, India's public sector units (PSUs) hold a 31 percent stake in the NSE-equating to a holding worth around Rs 1.74 lakh crore at current valuations. Let us take a closer look at some of the major PSU shareholders and their respective investments:

LIC Holdings: The Largest PSU Shareholder in NSE

The Life Insurance Corporation of India (LIC) commands the largest single PSU stake in the NSE at 10.72 percent, which translates to a value exceeding Rs 59,600 crore, based on the exchange's current valuation.

Stock Holding Corporation

The Stock Holding Corporation, another unlisted government-backed entity, maintains ownership of 4.44 percent in the NSE. This stake is currently valued at nearly Rs 25,000 crore.

SBI Group's Dual Exposure: SBI Capital Markets and SBI

SBI Capital Markets: As the investment banking arm of State Bank of India (SBI), SBI Capital Markets holds a 4.33 percent stake in the NSE. With the current share price, their stake is valued upwards of Rs 24,000 crore.

State Bank of India: In addition to its subsidiary's holding, SBI itself has a direct investment of 3.23 percent in the NSE-equivalent to an approximate valuation of Rs 18,000 crore.

General Insurance Corporation (GIC)

The General Insurance Corporation holds a 1.64 percent stake in the NSE, currently valued at approximately Rs 9,118 crore.

Other PSU Stakeholders in NSE

Other PSUs-such as Oriental Insurance, National Insurance, New India Assurance, Bank of Baroda, United India Insurance, Indian Bank, SBI Life, IDBI Trusteeship, and Punjab National Bank (PNB)-also hold smaller but notable stakes. Their collective investments in the NSE further highlight the broad participation of government-owned entities in the nation's premier stock exchange.