Investors Rush into India’s National Stock Exchange IPO at Valuation Multiple Above Nasdaq The recent frenzy surrounding India's National Stock Exchange (NSE) initial public offering (IPO) has left investors bewildered.
Bids worth over $10 billion have poured in, valuing the exchange at a multiple above Nasdaq. India's growing capital market participation and increasing financialization are major contributors to the NSE's appeal.
According to India's economic survey, equity investments have become a significant component of household balance sheets, with the share of equity and mutual funds in annual household financial savings rising to 15.