NSDL Shares Rise For Second Day After Listing, Market Cap Nears Rs 20,000 Crore
The NSDL stock rose as much as 6.56% to Rs 997.65 apiece on the BSE. The benchmark Sensex was down 0.3%.
Shares of National Securities Depository Ltd. rose for a second session on Thursday after an impressive debut on Dalal Street with a 10% premium over the IPO price a day prior.
The NSDL stock rose as much as 6.56% to Rs 997.65 apiece on the BSE. The benchmark Sensex was down 0.3%. The scrip was trading 5.3% higher as of 9:45 a.m.
The total market capitalisation was close to Rs 20,000 crore.
The initial pubic offering from India's oldest and largest depository 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 fetched selling shareholders Rs 4,012 crore.
The IPO raised Rs 1,201.44 crore from anchor investors, including Life Insurance Corporation of India, Capital Group and Fidelity.
