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NSDL IPO GMP Today: Its grey market premium stands at nearly 21%, indicating strong listing gains for investors.
NSDL’s rival CDSL is already listed on the stock exchanges.
NSDL IPO GMP Today: The much-awaited initial public offering of National Securities Depository Ltd (NSDL), a competitor of CDSL, is going to be opened for public subscription for three days on July 30. The company has fixed a price band in the range of Rs 760 to Rs 800 per share.
NSDL will be India’s second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017. Shares of CDSL on Friday traded down by 2.8% at Rs 1,631 apiece on the NSE during the day.
NSDL IPO Key Dates
The IPO will remain open for public subscription between July 30 and August 1. Its basis of allotment will be finalised on August 4, while its listing is scheduled to take place on August 6, 2025.
NSDL IPO Price & Lot Size
The price band of the mainboard IPO, which plans to raise Rs 4,011.60 crore, has been fixed in the range of Rs 760 to Rs 800 apiece.
At the upper end of the price band, NSDL is valued at Rs 16,000 crore.
Also Read: GNG Electronics IPO Last Day: GMP Flat, Subscription At 30.2x So Far; Should You Apply?
For investors, the minimum lot size for the IPO is 18. It means investors will have to apply for a minimum of 18 shares or in multiple thereof. So, retail investors require a minimum capital of Rs 13,680 to apply for the IPO.
NSDL IPO GMP Today
According to market observers, unlisted shares of GNG Electronics Ltd are currently trading at Rs 967 against the upper IPO price of Rs 800. It means a grey market premium or GMP of Rs 167, which is 20.88% over its issue price, indicating a strong listing.
Also Read: IndiQube Spaces IPO GMP Remains Muted, Issue Subscribed 3.02x On Day 3 So Far: Should You Apply?
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
NSDL IPO Quota
NSDL said half of the IPO has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional.
NSDL IPO: More Info
The IPO only consists of an offer for sale (OFS) component of 5.01 crore shares and those selling shares under this are — the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and the Adminstrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO.
The listing of NSDL is crucial in order to comply with Sebi’s ownership norms. These regulations require that no entity can hold more than 15 per cent of the shareholding in a depository company.
NSDL’s principal shareholders, IDBI Bank and the NSE, are required to reduce their stake in the company to comply with Sebi’s rule. Currently, IDBI holds 26.10 per cent and NSE owns 24 per cent stake in NSDL, which exceeds the permissible limit.
It is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, NSDL pioneered the dematerialisation of securities in India in November 1996.
For the full financial year 2024-25, the depository’s net profit surged by 24.57 per cent to Rs 343 crore and total income rose to Rs 1,535 crore, a 12.41 per cent increase over FY 2023-24.
ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets & Securities, Motilal Oswal Investment Advisors and SBI Capital Markets are the book running lead manager to the issue. Shares of NSDL are expected to list on August 6.
NSDL’s rival CDSL is already listed on the stock exchanges.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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