The National Securities Depository Limited (NSDL) has fixed the price band for its first Initial Public Offering (IPO), ₹ 760 to ₹ 800 per share. This issue will be fully through Off for Sale (OFS), making the company planning to raise around ₹ 4,011 crore. According to PTI news, this IPO will open for bid on 30 July. Anchor investors (big investors) will be able to bid on 29 July. This IPO will be closed on 1 August. The listing of NSDL shares will probably be on 6 August.
A total of 5.01 crore shares will be sold
According to the news, this entire issue is only of Open for Sale (OFS), that is, NSDL will not get any funds directly from it. A total of 5.01 crore shares will be sold under this. The share -selling institutions include NSE, SBI, HDFC Bank, IDBI Bank, Union Bank of India and SUUTI (Unit Trust of India). According to the upper price band, the total assessment of the company seated ₹ 16,000 crore.
NSDL will become the second listed depository company
After the listing of NSDL, it will become the second listed depository company. Let me tell you, before that there was CDSL, which was listed in 2017. Decision of stake is necessary under SEBI’s regulation. According to SEBI rules, no institution is allowed to hold more than 15% stake in any depository company. IDBI Bank currently holds 26.10%, NSE has 24% stake, which will be reduced through this issue.
Know the company
The National Securities Depository Limited is a SEBI-registard market infrastructure company. It was the first institution to introduce the depository system in India (November 1996). NSDL’s net profit ₹ 343 crore (24.57% increase) was recorded in FY 2024-25. The company’s total income during this period was ₹ 1,535 crore (12.41% increase).
It is necessary for investors to know this
In this IPO, the stock has been reserved with a fixed category. 50% of this are reserved for QIB (qualified institutional buyer). In addition, 35% have been reserved for retail investors and 15% for NIIs (non-institutional investors). Let me tell you, the IPO has 18 shares in 1 lot. Investors will have to invest at least ₹ 14,400. Investments can be made in multiple of 18.
Who are the book running lead managers
According to the news, National Securities Depository Limited has appointed ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets and Securities, Motilal Oswal Investment Advisors and SBI Capital Markets Book Running Lead Management for IPO.
How much GMP is running
Shares of National Securities Depository Limited (NSDL) are trading on a strong gray market premium (GMP) of Rs 18.13% or Rs 145-155 before their initial public issue.
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