🔍 Key Highlights
Company: National Securities Depository Ltd (NSDL)
IPO Opened: July 30, 2025
IPO Closed: August 1, 2025
Listing Date: August 6, 2025 (BSE; likely NSE as well)
IPO Size: ₹4,011.60 crore (entirely Offer for Sale – no fresh issue)
Price Band: ₹760 – ₹800
Lot Size: 18 shares
Minimum Investment: ₹13,680
Grey Market Premium (GMP): ₹118–₹124 (Approx. 15–17% expected listing gain)
Allotment Date: August 4, 2025
Demat Credit & Refunds: August 5, 2025
📈 Subscription Details (Oversubscription)
Category Subscription (x)
QIB 103.97×
NII 34.98×
Retail 7.76×
Overall 41.02×
Source: NSE, BSE, Paytm Money, ICICI Direct
🏛️ About NSDL
One of India’s leading depositories
Holds over ₹464 lakh crore worth of securities in demat
Services include demat account management, settlement, and custodial services
Generates stable revenue through account maintenance, settlement charges, and allied services
Strong competition from CDSL, but NSDL is the older and more institutionally-focused entity
💡 Investor Sentiment
Strong response from QIBs reflects institutional confidence
Healthy GMP suggests positive listing expectations
Considered a defensive and stable play, suitable for long-term conservative portfolios
✅ Conclusion
The NSDL IPO garnered significant attention and was oversubscribed across all categories, especially among institutional investors. With a strong business model and dominant market presence, the IPO attracted attention from those looking for exposure to India’s financial infrastructure space.
⚠️ Disclaimer:
This blog is purely for informational purposes and should not be considered an investment recommendation. Please consult your financial advisor before making any investment decisions.
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