The initial public offering of National Securities Depository Ltd., India's first and largest securities depository, opened for third day of subscription after it was fully subscribed on its first day on Wednesday.
On Day 3, the IPO was subscribed 41.01 times as of 7:00 p.m.
The NSDL IPO was 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. were the book-running lead managers to the issue.
The offer, which has concluded on Friday, is set to list on the BSE and the National Stock Exchange this month.
NSDL IPO Details
Issue Date: July 30 - August 1
Price Band: Rs 760-800
OFS: 5.01 crore shares
OFS Size: Rs 4,011.6 crore
Market Value: Rs 16,000 crore
Lot Size: 18 shares
Listing: By August 6
NSDL IPO Subscription Status
The NSDL IPO has been subscribed 41.01 times as of 7:00 p.m. on Friday.
Qualified Institutions: 103.97 times
Non-Institutional Buyers: 34.98 times.
Retail Investors: 7.73 times.
Portion reserved for employees: 15.42 times
NSDL IPO GMP Today
The grey market premium for NSDL IPO was Rs 130 on August 1 as of 5:57 p.m. according to InvestorGain. That implies a potential premium listing at around Rs 930 per share, indicating a 16.25% gain over the upper price.
GMP or grey market price is not an official indicator and is based on market speculation.
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