Overview

• NSDL executed a fully secondary sale of 5.01 crore shares at Rs 760–800 apiece, raising Rs 4,011.16 crore to help major stakeholders comply with SEBI’s 15% ownership limit
• The IPO drew robust demand with a 41.02 times overall subscription, led by QIBs at 103.97 times, non-institutional investors at 34.98 times and retail bidders at 7.76 times
• Allotment was finalised on August 4 and investors can verify their allocations through BSE, NSE or MUFG Intime India portals
• Grey market trades at about Rs 920 per share imply a premium of roughly Rs 120 over the upper issue price and point to near-term listing gains of around 15%
• NSDL will debut on the Bombay Stock Exchange and National Stock Exchange on August 6, becoming India’s second publicly traded depository after CDSL