Stories
NSE Listing: Sundar Iyer's ₹256.75 Cr Shares – Is He the Largest Shareholder?
- •Sundar Iyer's name gained prominence with NSE's market debut, holding 1,375,000 shares.
- •At 10:19 AM on September 24, NSE shares were valued at ₹1,867.30, making Sundar Iyer's holding worth ₹256.75 crore.
- •This market value was ₹11.32 crore higher than the IPO price valuation, representing a notional value at that specific time.
- •LIC is NSE's largest shareholder with 265,275,000 shares (10.72% stake), while Radhakishan Shivkishan Damani is the largest individual shareholder.
- •Sundar Iyer is an NSE shareholder, but he is not the largest, a distinction crucial for understanding his position.
Key Questions Answered
Sundar Iyer holds 1,375,000 shares in the National Stock Exchange, representing about a 0.06% stake. At the IPO price of ₹1,785 per share, his holding was valued at ₹245.44 crore, which increased to approximately ₹256.75 crore based on the market price of ₹1,867.30 at 10:19 AM on September 24, 2026.
No, Sundar Iyer is not the largest individual shareholder or the overall largest shareholder of the NSE. Radhakishan Shivkishan Damani holds a much larger individual stake with 39,084,400 shares (about 1.58%), while Life Insurance Corporation (LIC) tops the overall list with 265,275,000 shares (about 10.72%).
The NSE prospectus lists Vanaja Sundar Iyer with 4,400,000 shares, Siddharth Iyer with 3,652,705 shares, and Sundar Iyer with 1,375,000 shares, bringing their combined holding to 9,427,705 shares. At the IPO price of ₹1,785, this combined stake was valued at approximately ₹1,682.85 crore.
