NSDL IPO Fully Subscribed In Three Hours — NIIs, Retail Portion Overbooked; GMP Rises

The NSDL IPO has been subscribed 35% times as of 11:00 a.m. on Wednesday.

NSDL IPO is entirely an offer for sale by exisiting shareholders. (Photo: NDTV Profit)

Quick Read
Summary is AI Generated. Newsroom Reviewed

  • National Securities Depository Ltd IPO was fully subscribed on its first day at 1.01 times
  • The IPO is an offer for sale of 5.01 crore shares by existing shareholders including IDBI Bank
  • The share sale could raise up to Rs 4,012 crore with a market value of Rs 16,000 crore

The initial public offering of National Securities Depository Ltd., India’s first and largest securities depository, was fully subscribed on its first day on Wednesday. The IPO was subscribed 1.01 times as of 1:09 p.m.

The NSDL IPO is entirely an offer for sale of up to 5.01 crore equity shares by existing shareholders, including IDBI Bank, the National Stock Exchange of India, and the State Bank of India. The share sale is expected to fetch up to Rs 4,012 crore.

The company raised Rs 1,201.44 crore from anchor investors on Tuesday. Life Insurance Corporation of India, Capital Group and Fidelity were among the prominent investors..

ICICI Securities Ltd., Axis Capital Ltd., HSBC Securities and Capital Markets (India) Pvt., SBI Capital Markets Ltd., IDBI Capital Markets & Securities Ltd. and Motilal Oswal Investment Advisors Ltd. are the book-running lead managers to the issue.

The offer, which concludes on Friday, is set to list on the BSE and the National Stock Exchange next month.

Also Read: NSDL IPO Live Updates: Issue Fully Subscribed On Day One; Sri Lotus Developers Overbooked Two Times

NSDL IPO Details

  • Issue Date: July 30 - August 1

  • Price Band: Rs 760-800

  • OFS: 5.01 crore shares

  • OFS Size: Rs 4011.6 crore

  • Market Value: Rs 16,000 crore

  • Lot Size: 18 shares

  • Listing: By August 6

Also Read: NSDL IPO: NSE, IDBI Bank-Backed Issue's Price Band Fixed At Rs 760-800 Per Share—Check Issue Size, Key Dates

NSDL IPO Subscription Status

The NSDL IPO has been subscribed fully subscribed at 1.01 times as of 1:09 p.m. on Wednesday.

  • Qualified Institutions: 0.50 times or 50%.

  • Non-Institutional Buyers: 1.41 times.

  • Retail Investors: 1.13 times.

  • Portion reserved for employees: 1.93 times.

IPO GMP

The grey market premium for NSDL IPO rose to Rs 130, as of 12:59 p.m. on July 30, according to InvestorGain. That implies a potential premium listing at around Rs 930 per share, indicating a 16.25% gain over the upper price band.

GMP or grey market price is not an official indicator and is based on market speculation.

Also Read: NSDL IPO: Latest GMP Signals 17% Listing Gain, Check Key Details

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
WRITTEN BY
Shubhayan Bhattacharya
Shubhayan covers markets and business news at NDTV Profit. He has a keen in... more
GET REGULAR UPDATES