How Many Companies are Listed in NSE and What are NSE Series?

0

How many companies are listed in NSE?

Has this question ever crossed your mind given the fact that NSE (National Stock Exchange) is India’s biggest stock exchange in terms of turnover? Since NSE is nearly 10 times bigger than its competitor BSE, chances are high for investors to have interacted with NSE knowingly or unknowingly.

So How Many Companies are Listed in NSE?

Enough of the guessing game. Here is the answer – the total number of companies listed in NSE stood at 2,011 as of 31st March 2022. This figure is up slightly over 2% from the previous year’s figure of 1,968 and also includes 247 companies listed on the SME platform for small and medium businesses. It should be noted that apart from stocks, this figure also includes InVITs, REITs, NCDs, Government Securities and Sovereign Gold Bonds (SGBs).

Number of companies listed in NSE

 YearNumber of companies listed in NSE
FY20222,011
FY20211,968
FY20201,949
FY20191,931
Source: NSE Annual Report

In comparison, NSE’s arch rival BSE has a much higher figure of 5,350 listed companies. Nevertheless, NSE is India’s leading stock exchange when it comes to turnover, trading volumes and liquidity.

Read Also: Difference between NSE and BSE

What are NSE series?

NSE categorises these stocks on various parameters like asset class and compliance and assigns a two-letter series to every stock. Let’s take a look at some of these NSE series

EQ series – This ‘Equity’ series comprises bulk of the companies listed on India’s biggest stock exchange by turnover. As of 8 July 2022, there were 1,817 companies registered in NSE under EQ series. EQ series also indicates that intraday trading, in addition to delivery, is possible in these securities.

BE series – BE series in NSE stands for ‘Book Entry’ and was used for rolling settlement prior to 2 July 2001 but the series is now being used to indicate Trade for Trade securities under surveillance. The settlement of scrips available in this segment is done on a trade for trade basis and no netting off is allowed. It is important to highlight that no intraday trading is allowed in this series.

As of 8 July 2022, the list of BE series stocks in NSE included 96 stocks. The criteria for shifting of securities to Trade for Trade segment includes PE ratio, price variation, market capitalization etc.

BZ series – BZ series indicates securities in Trade for Trade (Z category) for non-compliance of certain listing conditions. As of 8 July 2022, the list of BE series stocks in NSE included 25 stocks.

GB series – GB stands for Gold Bonds and as of now all the bond in this series are issued by the government.

SeriesDescriptionNo. of companies
EQ seriesEquity1,817
E1Equity (partly paid)3
BEEquity (T2T)96
BZEquity (T2T)25
GBGold Bonds48
GSGovernment Securities11
IVInfrastructure Investment Trust3
N1 – N9
NA – NZ
Non-Convertible Debt instruments116
RRReal Estate Investment Trust3
SMEquity (SME)55

IPOs, M&As Behind Changing Number of Companies Listed in NSE

Please note that the number of companies registered in NSE is not a static one and this figure keeps on changing with new IPOs while some dead wood is also pruned for various reasons.

Generally speaking, stringent listing requirements is one of the most important reasons for removal of companies from stock exchanges. The other prominent reason includes mergers & acquisitions which directly impact the number of companies registered in NSE. Since the listing requirements and costs involved are quite high in case of North East, several companies tend to delist themselves through open offers. Most prominent among these are small cap companies and companies involving broken business models.

LEAVE A REPLY

Please enter your comment!
Please enter your name here