NSE IPO opens today: Should you subscribe to the issue?

 NSE is positioned to gain from increasing retail participation in the capital markets. However, its earnings continue to depend substantially on transaction volumes. NSE’s post-issue price-earnings (P/E) multiple of 42.9 is lower than BSE’s 53, even though NSE holds a dominant position in the market. NSE is positioned to gain from increasing retail participation in the capital markets. However, its earnings continue to depend substantially on transaction volumes. NSE’s post-issue price-earnings (P/E) multiple of 42.9 is lower than BSE’s 53, even though NSE holds a dominant position in the market.