NSDL’s ₹4,012 crore IPO opened on July 30, 2025, entirely as an Offer for Sale.
Anchor investors like LIC, SBI Mutual Fund, and Fidelity pumped in ₹1,201 cr
ore.
The IPO price band is ₹760–₹800 per share, valuing NSDL at nearly ₹16,000 crore.
According to IPOWatch, the grey market premium (GMP) is ₹126, suggesting a listing at ₹926.
In FY25, NSDL posted ₹1,535 crore revenue and ₹343 crore profit — strong 25% YoY growth.
It maintains a healthy EBITDA margin of 34.7%, indicating operational efficiency.
Allotment will likely be finalized by August 4, with listing expected around A
ugust 6.
Analysts call it a “safe, long-term play” due to its dominant market position and l
ow risk.
The IPO is seen as a steady blue-chip-style investment amid volatile market trends.