NSDL India IPO price range set at INR760-800/share

NSDL India IPO price range set at INR760-800/share

The National Securities Depository (NSDL) India's highly anticipated initial public offering (IPO) has set its price range at INR 760-800 per share. The IPO, scheduled to open on July 30 and close on August 1, marks a significant milestone for the company and the Indian stock market.

The IPO is an offer for sale (OFS) by key shareholders, including the National Stock Exchange (NSE) and IDBI Bank. The company aims to raise Rs 4,000 crore through the sale of up to 5.01 crore shares. NSDL's valuation target is Rs 16,000 crore, indicating a robust market sentiment towards the company.

The IPO price band was set after considering the company's strong financial performance. NSDL reported a 29.82% year-on-year surge in consolidated net profit to Rs 85.8 crore in Q3 FY25, while total income climbed 16.2% to Rs 391.21 crore [1].

The IPO price band reflects the current market conditions and the company's valuation. In the unlisted market, NSDL's shares last traded at Rs 1,025, with a grey market premium of Rs 154 per share. This premium, along with the company's strong financials, has contributed to the IPO price band [1].

Despite broader market corrections, NSDL's financials remain robust, making it an attractive investment opportunity for both retail and institutional investors. The IPO is expected to bring in significant liquidity for the company, enabling it to expand its services and strengthen its market position.

Investors should closely monitor the IPO process and consider the company's long-term prospects before making any investment decisions. The IPO price band and the company's financial performance provide a solid foundation for potential investors to evaluate the opportunity.

References:
[1] https://economictimes.indiatimes.com/markets/ipos/fpos/nsdl-ipo-dates-announced-for-rs-4000-crore-issue-nse-to-sell-1-8-crore-shares/articleshow/122872685.cms?from=mdr