The National Securities Depository Limited i.e. NSDL seems to get great support from investors on the first day. NSDL’s initial share of Rs 4,011 crore was completely subscribed in a few hours as soon as the bid opened on Wednesday. According to PTI news, according to NSE data, the bid received for 3,91,38,030 shares in the bid received till 13:24 pm, while 3,51,27,002 shares were available in the offer, which led to the subscription to 1.11 times. The share of non-institutional investors received 1.48 times subscription, while the fixed part for retail individual investors received 1.18 times subscription. The share of qualified institutional buyers received 72 percent subscription.
Anchor raised more than Rs 1,201 crore from investors
According to the news, the National Securities Depository has already raised more than Rs 1,201 crore from anchor investors on Tuesday. This initial public issue (IPO) will be closed on 1 August. The price limit for this has been fixed at Rs 760 to Rs 800 per share. This public issue of deposits is completely based on the offer-for-cell (OFS) component, offering 5.01 crore shares.
Public issue completely OFS
The shares are being sold by the administrator of the Specified Undertaking of the National Stock Exchange of India, State Bank of India, HDFC Bank, IDBI Bank, Union Bank of India and Unit Trust of India. Since this public issue is completely OFS, NSDL will not get any funds from IPOs. This listing will make NSDL the second publicly listed depository of the country, as the Central Depository Services (CDSL) has already been listed on NSE in 2017.
SEBI ownership rules will be ensured
The listing of NSDL will ensure adherence to SEBI’s ownership rules, under which no organization can hold more than 15 percent stake in the depository company. IDBI Bank and NSE, the lead shareholder of NSDL, will also have to bring their share within this limit. Currently, IDBI Bank holds 26.10 percent and NSE has a 24 percent stake, which is higher than SEBI rules.
What is NSDL
NSDL is a SEBI-certified market infrastructure institution that provides various products and services to India’s financial and securities markets. After the Depository Act came into force in 1996, it launched the dematalization of securities in India in November 1996. ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets and Securities, Motilal Oswal Investment Advisors and SBI Capital Markets are the book-hinging lead manager of this issue.
How much GMP running
On 30 July 2025, NSDL IPO has GMP ₹ 126. The estimated listing price is ₹ 926, ie a gain of 15.75% per share on the upper price band. It is believed that this IPO can get tremendous support in the remaining days.
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