Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Index Rebalance

National Stock Exchange of India / Index Rebalance

National Stock Exchange of India (NSE IN)

<ul>
<li>NSE listed on BSE on 24 Sep 2026. It would rank 11th by full market cap among the Nifty 50 members.</li>
<li>In this note, we analyze its path into the Nifty 50 under the NIFTY methodology.</li>
<li>We cover its IWF and FF estimates, F&amp;O entry, the timeline to Nifty 50 entry, and the SEBI permission NSE needs to trade on NSE.</li>
</ul>


NSE listed on BSE on 24 Sep 2026. It would rank 11th by full market cap among the Nifty 50 members.
In this note, we analyze its path into the Nifty 50 under the NIFTY methodology.
We cover its IWF and FF estimates, F&amp;O entry, the timeline to Nifty 50 entry, and the SEBI permission NSE needs to trade on NSE.


Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

National Stock Exchange of India / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/national-stock-exchange" target="_blank" data-smartkarma-citation="entities:23751:1" rel="noopener">National Stock Exchange (NSEIN IN)</a> raised about US$2.4bn in its India IPO.</li>
<li>NSE operates electronic platforms for trading equities, derivatives, currencies, and debt securities, also earning revenue from clearing and settlement services, market data, index licensing, listing fees, connectivity, and technology services.</li>
<li>We have looked at the company’s past performance and valuations in our previous note. In this note, we will talk about the trading dynamics.</li>
</ul>



National Stock Exchange (NSEIN IN) raised about US$2.4bn in its India IPO.
NSE operates electronic platforms for trading equities, derivatives, currencies, and debt securities, also earning revenue from clearing and settlement services, market data, index licensing, listing fees, connectivity, and technology services.
We have looked at the company’s past performance and valuations in our previous note. In this note, we will talk about the trading dynamics.


Aequtias: NSE IPO Trading - Weakish Demand Probably Flattish Debut

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

<ul>
<li>This insight discusses about listing dynamics of <a href="https://www.smartkarma.com/entities/national-stock-exchange" target="_blank" data-smartkarma-citation="entities:23751:1" rel="noopener">National Stock Exchange (NSEIN IN)</a> .</li>
<li>We present factors which would impact the listing price and present various valuation scenarios.</li>
<li>Finally, we conclude with view on near term price movement for the company.</li>
</ul>


This insight discusses about listing dynamics of National Stock Exchange (NSEIN IN) .
We present factors which would impact the listing price and present various valuation scenarios.
Finally, we conclude with view on near term price movement for the company.


NSE IPO: Listing Scenarios,Will It Go Below the IPO Price?

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

National Stock Exchange of India / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/national-stock-exchange" target="_blank" data-smartkarma-citation="entities:23751:1" rel="noopener">National Stock Exchange (NSEIN IN)</a> is looking to list on the <a href="https://www.smartkarma.com/entities/bse-ltd" target="_blank" data-smartkarma-citation="entities:23694:1" rel="noopener">BSE</a> by selling 126.4m shares via an OFS to raise INR 226bn (US$2.35bn) at a valuation of US$46bn.</li>
<li>Anchor investors have been allotted 37.8m shares at INR 1785/share and shares will start trading from 24 September.</li>
<li>The stock will not get Fast Entry to local and global indices and inclusion will start in March 2027 with the biggest buying coming in May and June.</li>
</ul>



National Stock Exchange (NSEIN IN) is looking to list on the BSE by selling 126.4m shares via an OFS to raise INR 226bn (US$2.35bn) at a valuation of US$46bn.
Anchor investors have been allotted 37.8m shares at INR 1785/share and shares will start trading from 24 September.
The stock will not get Fast Entry to local and global indices and inclusion will start in March 2027 with the biggest buying coming in May and June.


National Stock Exchange of India (NSE) IPO: Index Entry Timeline & Flow

<ul>
<li>In this insight we discuss about updates from <a href="https://www.smartkarma.com/entities/national-stock-exchange" target="_blank" data-smartkarma-citation="entities:23751:1" rel="noopener">National Stock Exchange (NSEIN IN)'</a>s RHP.</li>
<li>We discuss in detail various operational parameters and market share in key areas.</li>
<li>Finally, we discuss why NSE stock is not running away.</li>
</ul>


In this insight we discuss about updates from National Stock Exchange (NSEIN IN)'s RHP.
We discuss in detail various operational parameters and market share in key areas.
Finally, we discuss why NSE stock is not running away.


NSE IPO: RHP Updates; It’s Not Running Away

India

National Stock Exchange of India Ltd. provides securities exchange and market infrastructure services. The Company offers trading, clearing-related services, market data, indexes, listings, and investor education. The company serves investors, brokers, listed companies, financial institutions, and market participants in India.

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National Stock Exchange of India (NSE IN)

NSE: From Nifty 500 to Nifty 50

NSE listed on BSE on 24 Sep 2026 and is the 12th largest Indian listed company by full market cap. NIFTY entry needs trading on NSE, and so SEBI...

Ke Yan, CFA, FRM

Aequtias: NSE IPO Trading - Weakish Demand Probably Flattish Debut

National Stock Exchange (NSEIN IN) raised about US$2.4bn in its India IPO. In this note, we talk about the trading dynamics.

Sumeet Singh

NSE IPO: Listing Scenarios,Will It Go Below the IPO Price?

This insight discusses about listing dynamics of National Stock Exchange (NSEIN IN). We present factors which would impact the listing price and...

Sreemant Dudhoria

National Stock Exchange of India (NSE) IPO: Index Entry Timeline & Flow

NSE is listing on the BSE by raising US$2.35bn at a valuation of US$46bn. Global index inclusions and passive buying between March and June. Local...

Brian Freitas

NSE IPO: RHP Updates; It’s Not Running Away

Response to the NSE IPO has been soft from general retail category(just 1.39x subscription). QIBs have done the heavy lifting by subscribing 12.68x...

Sreemant Dudhoria

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