National Stock Exchange (NSE)
National Stock Exchange (NSE) – Unlisted Share Overview (2025)
Educational article by Money Bells Research Analyst (SEBI RA – INH100009901)
NSE – Overview
The National Stock Exchange (NSE) is India’s largest and most technologically advanced stock exchange. It ranks among the top global exchanges by trading volume and is the home to India’s benchmark indices such as the NIFTY 50.
NSE is currently unlisted, and its shares trade in the unlisted (pre-IPO) market. Due to the company’s strong financial performance, brand reputation and consistent growth, NSE is one of the most sought-after unlisted shares in India.
Business Model & Operations
Major Revenue Streams
- Equity Cash Trading
- Equity Derivatives (F&O) – NSE is global leader
- Index Licensing (NIFTY, Bank NIFTY etc.)
- Data Fees & Market Services
- Clearing & Settlement via NSCCL
- NSE Academy & Educational Programs
Subsidiaries
- NSE Clearing Ltd (NSCCL): India’s leading clearing corporation
- NSE Indices Ltd: Maintains NIFTY indices
- NSE IFSC: International Exchange in GIFT City
- NSE Academy: Training & education
Financial Snapshot (Unlisted Market)
| Metric | Value |
|---|---|
| Unlisted Share Price | ₹3,000 – ₹3,500 (approx.) |
| 52-Week Range | ₹2,800 – ₹3,700 |
| Valuation | ₹1.5 – ₹1.7 lakh crore (approx.) |
| Revenue | Strong multi-year double-digit growth |
| Profitability | Consistently high margins |
*Note: Prices are based on recent unlisted trades and may vary across platforms. They are not real-time exchange prices.*
Growth Drivers
- Dominant Market Share: >90% share in derivatives segment
- Rising Retail Participation: Digital broking expansion boosting volumes
- NIFTY dominance: Index licensing and global ETF adoption
- IFSC expansion: Growth in global products in GIFT City
- Increasing Data Monetization: Market data revenue rising
Risk Factors
- Regulatory Risk: SEBI actions can impact profitability
- Competition: BSE + new digital exchanges
- Cybersecurity Threats: Exchanges are high-value targets
- IPO Uncertainty: Listing timeline not officially announced
Investor Checklist
- Unlisted price is not real-time
- Verify demat transfer via off-market process
- Understand long holding periods
- Check tax rules on unlisted capital gains
- Buy only through compliant, verified sources
Disclosure (SEBI Compliance)
Important: This article is only for educational purposes. Money Bells Global Research Services Pvt. Ltd. is a SEBI Registered Research Analyst (INH100009901).
Money Bells does not recommend, solicit, or facilitate any transaction in unlisted shares. Unlisted securities involve liquidity risk, valuation uncertainty and limited public information.
All information is sourced from publicly available data and may not be fully updated. Readers should consult a licensed financial advisor before making investment decisions.
Copyright & Source Note: All information used in this article is based on publicly available data, research reports, news sources, and official company disclosures. No copyrighted text or proprietary content from any platform has been copied or reproduced. This article is original content created exclusively for Money Bells Global Research Services Pvt. Ltd. for educational purposes only.
.jpg)