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NSDL IPO Closes With 15x Oversubscription and ₹135–₹140 Grey Market Premium

Institutional bids, topped by marquee anchor commitments, reflected market confidence in NSDL’s fully secondary sale under SEBI’s ownership cap.

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NDSL IPO Allotment Status
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Overview

  • The ₹4,011 crore offer for sale closed on August 1 with overall subscriptions around 15 times the 3.51 crore shares on offer as NIIs, employees and retail investors heavily oversubscribed their allocations.
  • Grey market premiums of ₹135–₹140 per share point to an expected listing gain of about 17% over the ₹800 upper price band.
  • No fresh equity was issued in the fully secondary transaction designed to meet SEBI’s 15% single-entity ownership limit, with NSE, SBI, HDFC Bank and others offloading stakes.
  • Anchor investors including LIC and the Abu Dhabi Investment Authority locked in roughly ₹1,201 crore ahead of the public bidding window.
  • Allotment is scheduled for August 2 (or August 4 if delayed) and NSDL is set to debut on the BSE and NSE on August 6 as India’s second listed depository.