Overview

• NSDL’s offer-for-sale comprises 50.15 million shares priced at Rs 760–800 each, enabling a Rs 4,011 crore divestment by existing shareholders.
• Grey market trades at a premium of around Rs 167 suggest a likely debut near Rs 967, implying roughly a 21% upside.
• State Bank of India and IDBI Bank will each monetize shares bought at Rs 2 apiece to realize about 39,900% returns.
• As custodian to Rs 51.1 trillion in securities across 40 million accounts, NSDL outstrips CDSL in institutional volumes while its rival leads in retail demat numbers.
• The IPO subscription runs July 30–August 1 with shares slated to list on August 6 to comply with SEBI’s 15% stakeholder limit.