Stocks Surge as Sri Lotus Developers Makes Strong Debut, BlueStone Jewellery Sets IPO Price Band

NSDL made a strong debut on the bourses, with shares jumping 17% on Wednesday. The firm has lagged behind its rival CDSL in terms of demat accounts. Sri Lotus Developers' stock rallied over 31% in its market debut, while BlueStone Jewellery fixed a price band of ₹492 to ₹517 per share for its IPO. Five companies, including Prestige Hospitality Ventures and Anand Rathi Share and Stock Brokers, received Sebi's go-ahead to raise funds through IPOs.

Title: NSDL's Strong Market Debut and IPO Landscape

NSDL shares made a robust debut on the Bourses, rising by 17% on Wednesday. The firm, which operates as a central pillar in India's dematerialized securities ecosystem, has seen its shares gain significant traction post-listing. Despite lagging behind its rival CDSL in terms of demat accounts, NSDL's strong fundamentals and market infrastructure role have underpinned its performance.

The stock listed at ₹880 on the BSE on August 6, marking a 10% premium over the IPO price of ₹800 per share. It climbed further to an intraday high of ₹920, up 4.5% from its opening level. However, the debut fell short of the grey market premium of ₹125 per share seen ahead of the listing, which had implied an expected gain of around 16% [1].

NSDL's IPO received strong investor interest, with 41.02 times overall subscription. Demand was led by Qualified Institutional Buyers (QIBs) who subscribed 103.97 times, followed by Non-Institutional Investors (34.98 times) and retail investors (7.76 times). The anchor book, which raised ₹1,201.44 crore on July 29, reflected solid institutional confidence [1].

Shivani Nyati, Head of Wealth at Swastika Investmart, noted that NSDL made a "good, solid debut on the stock market." Analysts recommend a balanced approach, advising investors to book partial profits near the listing level and retain some shares, possibly with a stop-loss around ₹850 [1].

In contrast, BlueStone Jewellery fixed a price band of ₹492 to ₹517 per share for its IPO. The subscription date is from August 11 to August 13. The BlueStone Jewellery IPO aims to allocate the net proceeds from the offering to support various objectives, including meeting their working capital needs and general corporate purposes [3].

Sri Lotus Developers' stock rallied over 31% in its market debut, while five companies, including Prestige Hospitality Ventures and Anand Rathi Share and Stock Brokers, received Sebi's go-ahead to raise funds through IPOs [2].

References:
[1] https://m.economictimes.com/markets/stocks/news/nsdl-shares-rise-over-4-after-d-street-debut-what-should-investors-do/articleshow/123133912.cms
[2] https://stocktwits.com/news-articles/markets/equity/nsdl-s-upcoming-market-debut-draws-comparisons-with-cdsl-sebi-ra-flags-what-sets-them-apart/choLRkLR56O
[3] https://www.livemint.com/market/ipo/bluestone-jewellery-ipo-price-band-set-at-rs-492-517-bluestone-jewellery-ipo-gmp-bluestone-jewellery-ipo-details-11754449115131.html