NSDL IPO GMP, NSDL’s IPO ended with a 41.02x subscription in August.
NSDL IPO GMP: National Securities Depository Ltd.’s (NSDL) initial public offering closed last Friday, August 1, after 41.02 subscriptions overall. The Rs 4,011.16 crore mainboard offering is entirely an offer-on-sale (OFS) transaction. The price range that the corporation has set for each share is between Rs 760 and Rs 800.
Subscription to NSDL’s IPO
The PTI claims that on the last day of bidding, the NSDL IPO attracted 41 times the subscription. The subscription rate for Qualified Institutional Buyers (QIBs) was 103.97 times. The section for Retail Individual Investors (RIIs) earned 7.73 subscriptions, while the category for non-institutional investors obtained 34.98 subscriptions.
- Go to the website of MUFG Intime India Private Limited, the IPO registrar.
- For NSDL IPO allocation, log in via the direct link.
- From the drop-down menu in the Company Selection section, choose “NSDL.”
Choose either the Application Number or the Pan Number under the Selection Type section. Enter the NSDL IPO application number or PAN information.
- The NSDL IPO’s allocation status will be shown on the screen.
- Choose the IPO: Select National Securities Depository Limited from the “Select Company” dropdown menu.
- Select the Identification Method: Choose amongst the following: Account Number, DP/Client ID, Application Number, or PAN Number.
- Enter the following information: Enter the necessary information using the method you have chosen (e.g., your 10-digit PAN number or IPO application number).
To see your allotment status, click the Search or Submit buttons.
See the Results: Whether you have been given shares, how many shares you have been given, or whether no shares have been given to you will all be shown on the screen.
Market watchers report that NSDL’s unlisted shares are now trading at Rs 920, down from the Rs 800 top IPO price. It indicates a 15.00% increase in the issue price, or a grey market premium or GMP of Rs 120.
The GMP fluctuates and is reliant on market mood. Investors’ willingness to pay more than the issue price is shown by the “grey market premium.”
According to NSDL, eligible institutional buyers will receive half of the IPO, retail investors will receive 35%, and non-institutional buyers would receive the remaining 15%.
