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Unlisted shares of the National Commodity & Derivatives Exchange (NCDEX) and Metropolitan Stock Exchange (MSE) have seen a sharp rise in both demand and price in the grey market, driven by renewed interest surrounding the long-anticipated IPO of the National Stock Exchange (NSE). According to Wealth Wisdom India, NCDEX’s shares surged by 27.5%, jumping from ₹200 on May 24 to ₹255 by May 27.
Krishna Patwari, Founder and Managing Director of Wealth Wisdom India, highlighted growing investor interest in unlisted financial sector equities, with NCDEX serving as a prime example. “This surge reflects a broader enthusiasm for unlisted equity investments,” he noted.
Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, also observed increased trading activity in NCDEX’s unlisted shares in anticipation of NSE’s public listing.
NSE, India’s largest stock exchange, has been working toward an IPO for several years. Despite previous delays due to regulatory and governance challenges, the exchange is now reportedly close to receiving final approvals from the Securities and Exchange Board of India (SEBI).
Source : https://shorturl.at/jCuih
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