The unlisted shares of the National Stock Exchange (NSE) continued to attract robust interest from resident individual investors during the June quarter, propelled by rising anticipation surrounding a potential initial public offering (IPO). This strong retail appetite persisted despite a substantial rise in share prices in the grey market.
The number of retail investors holding NSE shares valued up to Rs 2 lakh surged more than fourfold to 1.46 lakh in Q1 FY25, up from 33,896 in the previous quarter. Conversely, the number of investors holding shares worth more than Rs 2 lakh saw a slight decline to 343 from 354 in the previous quarter, according to shareholding data available on the NSE website.
With this, the cumulative stake held by individuals with shareholdings above Rs 2 lakh rose to 11.81 percent, representing 29.24 crore shares, compared to 9.89 percent or 24.48 crore shares in the preceding quarter. Meanwhile, investors holding shares worth less than Rs 2 lakh witnessed a minor dip in overall ownership, with their stake decreasing to 9.52 percent (23.56 crore shares) from 9.84 percent (23.86 crore shares).
This surge in retail participation significantly expanded NSE’s overall investor base, which now exceeds 1.59 lakh shareholders up sharply from 39,201 in the previous quarter solidifying its status as one of India’s largest unlisted companies by shareholder count.
Among the key sellers were MS Strategic Mauritius (Morgan Stanley), which liquidated over Rs 1,700 crore worth of shares, reducing its stake from 1.58 percent to 1.26 percent. Mahogany Ltd sold shares worth Rs 1,125 crore, reducing its holding to 3.73 per cent from 3.93 per cent.
Crown Capital offloaded Rs 562 crore in shares, lowering its stake to 2.2 percent from 2.3 percent. Other global investors such as TIMF Holdings and TA Asia Pacific Acquisitions also reduced their exposure, selling shares worth Rs 326 crore and Rs 225 crore, respectively.
Meanwhile, the stakes of major domestic institutional investors including LIC, SBI, Radhakishan Damani, and government-backed insurers like GIC, New India Assurance, National Insurance Company, and Oriental Insurance remained unchanged during the quarter.
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