“You want to become billionaires, list in NSE,” says the CEO of NSE

Startup entrepreneurs or founders who wish to become rich, and become billionaires, must list in the National Stock Exchange of India, said the CEO of Bourse, Ashish Kumar Chauhan, in CNBC’s Converge in vivo Singapore event on Wednesday.

India is in a place where there are “many brains, a lot of company and very little capital is required,” he said.

Many companies have emerged in the power of southern Asia in the last year, said Chauhan, adding that around 200 micro companies that appear only in the NSE in 2024.

“Some of them will become the billionaires of tomorrow. Then, I tell many people … Do you want to become billionaires? List in NSE,” Chauhan told Steve Sedgwick of CNBC.

Last year a total of $ 19.2 billion listings in Indian markets accumulated, said Chauhan, highlighting that this was the largest number of listings in the world.

Until now, the listings in the Indian market “still continue”, this year, although “not with the same speed”, which in 2024, he said.

“If the market appears … you will see many more opi (initial public offers) in the future,” he added.

The NSE OPI itself is one that investors are observing closely after several delays since its initial presentation in 2016. However, Chauhan did not provide much information about when the opi will be launched.

Previous reports indicate that the largest stock exchange in India is waiting for the authorization of the Securities regulator before I can continue.

The reference point Ingenious 50 The BSE Sensex index and index, which represents 30 of the country’s largest and most negotiated companies in the Bombay Stock Exchange, have dropped 5.37% and 5.72%, respectively, since the beginning of the year.

Indian actions have been affected by concerns about valuations, as well as the strength of the US dollar, which has mitigated the appeal of assets abroad for foreign investors, Chauhan said outside the conference.

“The valuations have now returned to its average of 10 years and that should attract retail investors and foreign institutional investors,” Chauhan told CNBC.

More Indians are investing in the stock market, with the number that increases from around 16 million in 2014 when Prime Minister Narendra Modi assumed the position to around 110 million today, Chauhan estimated.

Before this, most Indians were investing mainly in physical assets such as real estate and gold, he said.

“In general terms, you can call any merchant. But, of course, we also continue to inform them through the media, social networks, printing, television, purchase (which) buys in the morning and the sale in the afternoon is not called investment,” Chauhan added.

Chauhan said that about 2% of Indian investors are invested in derivatives. Meanwhile, almost half, or around 50 million people, invest in mutual funds and place only $ 50 in systematic investment plans each month, he said.

– Neelabh Chauturvedi of CNBC contributed to this report