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NSDL IPO was subscribed 41 times on the final day of bidding ending August 1
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144.03 crore shares were bid for against 3.51 crore shares on offer in the IPO
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NSDL shares will list on BSE and NSE on August 6 with a GMP indicating Rs 925 price
The much-awaited initial public offering (IPO) of National Securities Depository Ltd. (NSDL), which closed on August 1, was subscribed 41 times on the third and final day of bidding. The NSDL IPO share allotment status was finalised on Monday, August 4.
The mainboard issue, which opened on July 30, received bids for more than 144.03 crore shares against 3.51 crore shares on offer.
Shares of National Securities Depository Ltd. are scheduled to be listed on the BSE and NSE on August 6. Ahead of the market debut, the grey market premium for the mainboard IPO has been buzzing since the last week.
Here’s what the latest GMP signals ahead of the NSDL IPO listing on Wednesday.
NSDL Expected Listing Price
The grey market premium (GMP) for the NSDL IPO was Rs 125 as of 7:00 a.m. on August 6. The latest GMP indicates a listing price of Rs 925 apiece at a premium of 15.62% on the upper limit of the price band.
Despite the stellar interest in the IPO, the GMP saw a decline since it opened for subscription on July 30. The highest GMP recorded for the NSDL IPO was Rs 167. This indicated that the unlisted shares of the NSDL were trading at Rs 967 apiece on the grey market.
Note: GMP does not represent official data and is based on speculation.
NSDL IPO Details
The price band for the NSDL IPO was set between Rs 760 and Rs 800 per share. It was a book-building issue of Rs 4,011.6 crore. The IPO comprised entirely an offer-for-sale (OFS) of 5.01 crore shares.
ICICI Securities Ltd. is acting as the book-running lead manager for the NSDL IPO, while MUFG Intime India Private Ltd. has been appointed as the registrar for the issue.
National Securities Depository Ltd. (NSDL) is a major player in India’s capital market, handling electronic records of securities and ownership transfers. It offers services like dematerialisation, trade settlement, off-market transfers, pledging and corporate actions. The leading depository also offers value-added features such as e-voting, consolidated account statements (CAS) and non-disposal undertakings (NDU).
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