NSDL made a strong debut today on BSE, opening at ₹880—10% above its issue price of ₹800.
The IPO size was ₹4,012 crore, comprising a pure offer-for-sale of 5.01 crore equity shar
es.
The issue was heavily subscribed at 41.02×, driven by QIBs (103.97×) and NIIs (34.98×).
Retail investors also showed decent interest, subscribing their portion by 7.76 times.
NSDL's post-listing market cap reached nearly ₹18,000 crore, according to exchange dat
a.
The grey market premium hovered around ₹127–130 ahead of listing, indicating moderate ex
pectations.
Analysts noted the issue was priced attractively at a 22% discount to unlisted market value.
The listing performance boosted investor confidence in India's financial infrastructure spac
e.
NSDL is India's oldest depository with ~99% market share in demat settlement volumes.
Analysts recommend NSDL as a core portfolio stock due to steady revenue and profit gr
owth.