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3w ago

NSDL IPO Oversubscribed Nearly Sixfold With Listing Set for August Debut

SEBI’s 15% ownership cap has shaped the fully secondary sale that will free up more than Rs 4,000 crore for early investors before its August 6 stock market debut.

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Overview

  • NSDL’s fully secondary sale of 5.01 crore shares closed on August 1 with subscription totaling about 5.9 times over its Rs 760–800 price band.
  • Grey market premiums of Rs 125–135 suggest likely listing gains near 16–17% over the issue price.
  • The Rs 4,011.6 crore transaction lets existing shareholders—including IDBI Bank, NSE, SBI and HDFC Bank—trim stakes to comply with SEBI’s stakeholder limit.
  • Anchor investors such as LIC, Smallcap World Fund, Government Pension Fund Global and ADIA committed Rs 1,201.4 crore at the upper price band.
  • Allotment is set for August 4 with shares scheduled to debut on the BSE and NSE on August 6, valuing NSDL at around Rs 16,000 crore based on its FY25 earnings.