Atharva Polyplast GMP ₹7 ▲ 12.73%CSM Technologies GMP ₹4 ▲ 3.74%Turtlemint Fintech Solutions GMP ₹3 ▲ 2.08%Knack Packaging GMP ₹11.5 ▲ 7.14%Aastha Spintex GMP ₹5 ▲ 4.00%Twinkle Papers GMP ₹7 ▲ 10.94%Kratikal Tech GMP ₹17 ▲ 13.28%
Mainboard IPO | Book Build

NSE National Stock Exchange India IPO Review | APPLY or AVOID?

-Price Band
₹30000 Cr.Issue Size
Banking And Finance - FinTechSector

The National Stock Exchange started in 1994. It operates in the Banking and Finance – FinTech industry and provides a platform for trading in equities, derivatives, and fixed income to its customers across India. This business is based in Mumbai.

IPO Review –  Yet to Publish

IPO Details
Issue TypeBookbuilding IPO
IPO Category
Face Value
Fresh Issue
Offer for Sale
Listing At
Reservation & Lot Size
Retail (Min) | – Lot
Retail (Max) | – Lot
S-HNI (Min) | – Lot
S-HNI (Max)| – Lot
B-HNI (Min) | – Lot
Market Maker

✅ Strengths

  • Will be updated in the future when more details are available.

⚠️ Challenges

  • Will be updated in the future when more details are available.

Financial Update

The company released its restated financial statements for the year ending March 31, 2025. Total revenue was ₹___ crore, an increase/decrease from ₹__ in the previous year. The net profit for the same period was ₹ crore, increased/decreased from ₹__ in the previous year. Assets increased by [Percentage]% compared to the previous year. This trend should be carefully studied prior to any investment.

IPO Valuation

The upper price band is ₹___. This price leads to a Price-to-Earnings (P/E) ratio of ____. The average P/E for the industry is [Number].

IPO Objective

The company will use the proceeds of the offer to meet stated objectives:

  • (The IPO is a pure Offer for Sale, meaning no fresh capital will be raised by the company for its own use.)

Promoters & Lead Manager

  • The promoters hold 99.90% of the pre-issue shareholding. Details about individual promoters are not available in the reference document.
  • The Lead Manager is a consortium of reputed investment banks: Citigroup Global Markets India Private Limited, HDFC Bank Limited, ICICI Securities Limited, IDFC Bank Limited, IIFL Securities Limited, Kotak Mahindra Capital Company Limited, and Morgan Stanley India Company Private Limited. These firms have significant expertise in managing large mainboard IPOs.

Peer Comparison

CompanyEPS (Basic)EPS (Diluted)NAV (₹ per share)P/E (x)RoNW (%)P/BV RatioFinancial statements
Standalone

Financial data sourced from annual reports and stock exchange data, using restated financial statements for 2024-25. NAV per share (closing net worth divided by weighted average number of paid-up equity shares) and RoNW (net profit after tax divided by closing net worth).

IPO Review & Analyst Rating

Yet to Publish

Analyst NameRecommendation

Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.

Sanjay Bambhaniya
Sanjay Bambhaniya
Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.
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