NSE IPO: RK Damani To Recieve Billions From His Early Investment

Veteran Investor and DMart founder RK Damani is set to receive a major paycheck thanks to his early investment in National Stock Exchange (NSE) Unlisted Shares, which is now valued at around Rs 9,300 crore in the market. Over the last few years, Damani has slowly increased his stake in India's largest stock exchange.

RK Damani's Journey With NSE

Damani first acquired NSE Unlisted Shares in the January–March 2020 quarter, purchasing a 1.58% stake in NSE from foreign investor Norwest Venture Partners X in a private deal. Norwest Partners was once an active advocate of NSE but liquidated its stake following the regulatory scrutiny due to the alleged co-location scam and dark fibre case, halting NSE IPO plans.

Other notable investments Rk Damani include a 3.15% stake in VST Industries, a cigarette manufacturer and investments in Avenue Supermart, 3M India, Sundaram Finance, Sundaram Finance Holdings, and VST Industries through his investment firm, Bright Star Investments Pvt. Ltd.

NSE Bonus Issue And Increase In Ownership.

After the recent NSE Bonus Issue in 2024, Damani holds 3.90 crore shares in NSE, valued at approximately. Rs 9,771 crore (based on a private market price of Rs 2,500 per share). This makes NSE his second most valuable investment, after Avenue Supermart, where he holds a 23% stake.

Dividend Returns Earned.

Based on the cumulative dividend of Rs 236.75, Damani would have received Rs 185 crores dividend in these 4 years. Post Bonus issue, NSE announced a dividend of Rs 35 per share for FY25, which would be around Rs 137 crores for Damani as per his holding on 31st March 2025. The record date is yet to be announced.

Thus, RK Damani would have received a total dividend of around Rs 322 crores in the last 5 years of his shareholding. Thus, the 5-year yield ranges between 46-49.5 per cent, depending on the exact entry price.

NSE Issues Are Finally Settled. Clear Path For IPO

In NSE IPO developments, NSE has submitted a record Rs 1,388 crore settlement application to SEBI for resolving legacy issues tied to colocation and dark fibre cases. This is the largest settlement proposal ever made to a regulator and is seen as a critical step towards the NSE IPO.

NSE Crosses 1 Lakh Investor Mark

(NSE), became the largest unlisted company in India(for the number of investors), crossing 1 lakh investors. This is a milestone, as even large listed companies have failed to achieve this level. According to Economic Times, NSE is one of the top 25 companies in India, in terms of profitability, making NSE Shares a highly favourable investment in India.