NSDL Shares Listed on BSE with 10% Listing Premium: Touched Day High of ₹920

National Securities Depository Ltd. (NSDL) was officially listed on Dalal Street on Wednesday, August 6, following a successful initial public offering (IPO). The stock opened at ₹880 per share on the BSE, marking a 10% premium over its issue price of ₹800. Shortly after listing, the stock climbed to an intraday high of ₹920.

NSDL IPO Details: Offer for Sale Only

NSDL's IPO was priced at ₹800 per share, was conducted entirely through an Offer for Sale (OFS), meaning no fresh capital was raised by the company. Instead, the proceeds will go to existing shareholders who are expected to see returns of up to 400x on their initial investment.

At the upper end of the price band, the company achieves a market capitalisation of approximately ₹16,000 crore. The stock is listed exclusively on the BSE.

Robust Investor Interest

The 3-day IPO garnered strong investor demand across all categories. The offering received total bids worth over ₹1.1 lakh crore, leading to an overall subscription of 41 times the available shares.

• Institutional Investors: Led the response with a subscription of 104 times their allocated portion.
• Non-Institutional Investors: Subscribed 35 times their share.
• Retail Investors: Oversubscribed their portion by 8 times.

Ahead of the public issue, NSDL raised ₹1,201 crore from anchor investors, signalling strong institutional confidence. Notable anchor investors included Life Insurance Corporation (LIC) and the Abu Dhabi Investment Authority (ADIA).

Also Read: Upcoming IPOs This Week: 3 Mainboard, Including JSW Cement and 2 SME IPO are Set to Open for Bidding

With its listing, NSDL becomes the second depository services provider to go public in India, following the footsteps of its peer, Central Depository Services Ltd. (CDSL). The listing strengthens the profile of India's capital market infrastructure and opens up new opportunities for investors seeking exposure to the depository services space.

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