On Tuesday, the National Stock Exchange (NSE) achieved a notable milestone by successfully listing five companies across multiple cities in a single day. This record-setting event saw a combined issue size of ₹2,047 crore, reflecting the NSE's robust technological capabilities and issuance procedures.
The simultaneous listing ceremonies took place in Mumbai, Chennai, Jaipur, and Ahmedabad, highlighting the NSE's commitment to expanding its reach and facilitating market access across India. The companies listed were Akums Drugs and Pharmaceuticals Ltd, Sathlokhar Synergys E&C Global Ltd, Ashapura Logistics Ltd, Rajputana Industries Ltd, and Bulkcorp International Ltd.
Akums Drugs and Pharmaceuticals led the group with a substantial issue size of ₹1,856.74 crore. Following this, Sathlokhar Synergys E&C Global was listed with an issue size of ₹92.93 crore, while Ashapura Logistics had an issue size of ₹52.66 crore. Rajputana Industries and Bulkcorp International were listed with issue sizes of ₹23.88 crore and ₹20.78 crore, respectively.
Sriram Krishnan, the Chief Business Development Officer of NSE, emphasised that the successful multi-city listing is a testament to the strength of the exchange's technological infrastructure. He added that the NSE is dedicated to improving the listing process for high-quality corporates, aligning with Prime Minister Narendra Modi’s vision of a developed India by 2047.
The NSE Main Board is also experiencing significant activity, with five initial public offerings (IPOs) worth ₹13,726 crore scheduled by August 13. As of July 30, the NSE lists 2,535 companies with a market capitalization of ₹455.79 lakh crore.
Of these, 516 companies are listed on the NSE Emerge platform, having collectively raised over ₹12,459 crore with a total market capitalization of approximately ₹1,75,000 crore.
In addition to this achievement, the Securities and Exchange Board of India (SEBI) recently launched India’s first website for passive funds on the NSE. This platform aims to provide retail investors with comprehensive information and enhance their understanding of the Indian passive funds industry.
The NSE’s ability to facilitate such extensive listings in a single day underscores its pivotal role in India's financial markets and its ongoing efforts to support the country's economic growth.
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