NSDL IPO News: The initial public output (IPO) of the National Securities Depository Limited (NSDL) is receiving tremendous response to investors. Within a few hours of opening the bid, this IPO received a complete subscription. This IPO can be bid till 1 August. There will be an allotment of shares on August 4 and on 6 August it will be listed in the stock market.
According to NSE data, on the first day of the bid, the initial stock sales of Rs 4,011 crore received bids for 6,26,08,572 shares against the offer of 3,51,27,002 shares, which is 1.78 times the glory. The share of non-institutional investors received 2.83 times the subscription, while the retail individual investors (RIIs) received 1.86 times the subscription. The segment of the eligible institutional buyers (QIB) received 84 percent of the subscribers.
NSDL on Tuesday raised more than Rs 1,201 crore from anchor investors. Today, the devotees are showing interest in this IPO. The IPO will be closed on August 1. Its value scope has been fixed at Rs 760 to Rs 800 per share. A total of 18 shares have been placed in 1 lot, according to the upper price band, retail investors will have to invest Rs 14,400 for at least one lot. 85000 shares for employees have been reserved. Which will be given to them on a discount of Rs 76.
On July 30, the last gray market premium (GMP) was Rs 126. This is 15.75 percent more than the price band. In such a situation, it is believed that it can be listed at Rs 926 in the stock market.
The IPO includes only 5.01 crore shares sales offers (O.S). OFS include the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and Administrator of Specified Undertaking of the Unit Trust Trust of India (Suuti).
Edited by: Nrapendra Gupta
