Particle.news
Download on the App Store
22 ARTICLES
·
last mo.

NSDL Shares Near ₹1,000 After 25% Rally, Sri Lotus and M&B Also Post Double-Digit Debuts

Investor enthusiasm for market infrastructure plays is powering NSDL’s ₹4,011.6 crore offer-for-sale IPO into sustained aftermarket outperformance.

₹4,011 crore Initial Public Offering (IPO) of NSDL received 41 times subscription on the closing day of bidding on Friday.
Sri Lotus Developers, M&B Engineering IPO Listing
Image
Image

Overview

  • NSDL debuted at ₹880 on August 6 for a 10% premium over its ₹800 issue price and climbed to around ₹997 by the second trading day, reflecting a 24.7% gain.
  • The entirely secondary ₹4,011.6 crore IPO drew 41 times subscription, complying with SEBI’s 15% stake cap for market infrastructure institutions.
  • Grey market premiums of ₹125–130 accurately forecast NSDL’s listing pop, and Sri Lotus Developers & Realty and M&B Engineering also opened with double-digit gains.
  • NSDL’s depository duopoly with CDSL, covering over 39 million demat accounts and ₹51 trillion in assets, underpins strong demand from both institutional and retail investors.
  • Analysts remain bullish on NSDL’s long-term value and recommend holding existing positions or adding exposure on any post-listing dips.