NSE IPO: Is market dominance enough to justify a Rs 4.42 lakh crore valuation?
The National Stock Exchange (NSE) has one of the strongest positions in India’s capital markets. But when a business is valued at around Rs 4.42 lakh crore, being the market leader alone may not be enough. NSE’s IPO has set a price band of Rs 1,700–Rs 1,785 per share, with the upper end valuing the…