NSDL IPO Set to Raise Rs 4,011.60 Crore with Issue Price Band of Rs 760 to Rs 800 per Share.

NSDL IPO, worth Rs 4,011.60 crore, opens today with a price band of Rs 760 to Rs 800 per equity share. The IPO is entirely an offer for sale, with no fresh issue of shares. NSDL plans to utilize the net proceeds for listing benefits and to meet SEBI requirements. Investors can bid from July 30 to August 1, with allotment expected on August 4 and listing on August 6.

Title: NSDL IPO: Key Details and Market Expectations

The National Securities Depository Ltd (NSDL) IPO is set to kick off today, July 30, 2025, with a price band of Rs 760 to Rs 800 per equity share. The IPO, valued at Rs 4,011.60 crore, is an offer for sale (OFS) and will not result in any fresh issue of shares. NSDL plans to utilize the net proceeds to achieve listing benefits and to meet the requirements set by the Securities and Exchange Board of India (SEBI).

IPO Details

The NSDL IPO opens for bidding on July 30 and will close on August 1, 2025. The allotment for the IPO is expected to be finalized on August 4, with a tentative listing date set for August 6 on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The company has reserved 85,000 equity shares for eligible employees, who will receive a discount of Rs 76 per share through the employee reservation segment.

Anchor Investors and Allocation

NSDL completed its anchor investor round, raising over Rs 1,200 crore from investors ahead of the IPO. The anchor book included names such as Life Insurance Corporation of India, Smallcap World Fund, SBI Banking & Financial Services Fund, ICICI Prudential ELSS Tax Saver Fund, HDFC Value Fund, Fidelity Funds- India Focus Fund, Ashoka Whiteoak ICAV, and others. The company allocated a total of 1,50,17,999 equity shares to the anchor investors at an allocation price of Rs 800 per share [1].

Grey Market Premium (GMP)

As of July 29, the grey market premium (GMP) of NSDL IPO stood at Rs 126 per share. With the upper price band at Rs 800 per share, the shares of the company are expected to be listed at Rs 926, with a premium of 15.75% [1].

Analyst Reviews

Analysts have provided mixed reviews on the IPO. Chola Securities has given a 'subscribe' rating, highlighting NSDL's strong revenue and profit growth, and its network-driven business model. Anand Rathi Research also recommends a 'subscribe' rating, valuing the company at a post-issue PER of 46.6 times to its FY25 earnings [2].

References

1. [1] https://www.livemint.com/market/ipo/nsdl-ipo-depository-firm-raises-rs-1-200-crore-from-anchor-investors-ahead-of-public-issue-11753808644354.html
2. [2] https://www.financialexpress.com/market/ipo-news-big-ticket-nsdl-ipo-opens-today-7-must-know-details-for-every-investor-3930831/