Sector: Brokerage
NSE, Jio to launch mega listings in September; to lead India’s second-half IPO revival
Both NSE and Jio Platforms filed their draft papers in June to raise about ₹30,000-31,500 crore and ₹37,000-37,700 crore, respectively, making them India’s biggest IPOs to date. By comparison, Hyundai India’s IPO in October 2024 raised about ₹27,870 crore, while LIC’s issue in May 2022 was worth ₹20,557 crore. Source link
NSE hired a record 20 bankers for its IPO
The oversized syndicate will help manage distribution, anchor allocations and investor outreach for one of India’s biggest listings while ensuring major dealmakers remain inside the transaction. Source link
F&O frenzy: NSE’s 15-minute tweak that could save billions for traders – explained
At 9:01am this Monday, something quietly historic happened on the National Stock Exchange. For the first time, options-crazed traders didn’t dive straight into live futures prices at the opening bell – they had to watch a call auction screen instead.NSE’s new 15-minute pre-open session for equity derivatives went live on December 8, in what traders … Read more
Zarin Daruwala joins Prabhudas Lilladher Capital as Group CEO
PL Capital, a financial services organisation that’s part of the Prabhudas Lilladher Group, has appointed Zarin Daruwala as group chief executive, effective October 13. “Zarin’s arrival marks an important milestone in our mission to build an enduring, institutionally governed organisation–one that combines heritage and trust with capabilities and scale,” said Amisha Vora, chairperson and managing … Read more
Nithin Kamath warns Zerodha may be ‘forced to charge brokerage’ fees to millions of users: Here’s why
Zerodha founder and CEO Nithin Kamath has warned that a continuation of the ongoing stock market headwinds may force his brokerage house, which has long pioneered a free platform for its millions of users, may have to start charging fees. In a recent blog, Nithin Kamath said that Zerodha had suffered a significant 40 per … Read more
Why is Zerodha not filing for an IPO? Nithin Kamath answers
Zerodha co-founder and CEO Nithin Kamath has explained why the brokerage firm is not chasing an initial public offering (IPO), even as many Indian startups and financial services companies line up for listings. Responding to a question on Reddit about what makes Zerodha profitable and why the company has avoided going public, Kamath shared that … Read more
Zerodha’s next growth challenge: Why are Tier 2 and 3 investors swiping left on Zerodha? asks Nithin Kamath
Zerodha’s Nithin Kamath has never shied away from straight talk. This week, he laid out a rare self-assessment of his company’s recent growth, or the lack of it, in public. In a detailed post on X (formerly Twitter), Kamath shared that while Zerodha continues to manage increasing volumes of investor wealth, the number of new … Read more