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Kolkata: After a lot of "Ifs" and pauses, the NSDL IPO is going to hit D Street today. It is designed to raise Rs 4,011-crore all through the issue of OFS (offer for sale) shares -- 5.01 crores of them. Therefore, nothing of the issue proceeds will accrue to the company. The IPO is going to open for public subscription today (Wednesday, July 30). The process of bidding will be over on August 1, 2025. The last time for confirming UPI mandate for application for purchase of NSDL shares will be 5 pm on August 1.
On July 29, NSDL raised more than Rs 1,201 crore from institutional investors, the list of which included Life Insurance Corporation of India (LIC), Smallcap World Fund Inc, SBI Mutual Fund (MF), Fidelity Funds, Nippon India MF, SBI Life Insurance Company, HDFC Life Insurance Company, Abu Dhabi Investment Authority, Ashoka WhiteOak India Opportunities Fund, ICICI Prudential MF and HDFC MF.
According to investorgain, the GMP (Grey Market Premium) of NSDL IPO was at Rs 135 on the morning of July 30, the same level as yesterday. The GMP journey as recorded by this website began at a higher level on July 18. The following has been the GMP graph over the past few days: July 18 - Rs 156, July 19- Rs 138, July 20 - Rs 155, July 21 - Rs 152, July 22 - Rs 165, July 24 - Rs 167, July 25 - Rs 146, July 26 - Rs 136 and July 27, 28 - Rs 135. At the current level of GMP, the listing gain could be 16.88%. However, it must be remembered that GMP is an unofficial gauge that changes with time and dos not guarantee anything on listing -- loss or gain.
The NSDL IPO price band has been fixed at Rs 760–800 a share. The value of the company translates to about Rs 16,000 crore at the upper end of the price band. The shareholders which will be diluting their stake in NSDL include the NSE (National Stock Exchange of India), SBI (State Bank of India), HDFC Bank, IDBI Bank, Union Bank of India, and the administrator of the relevant undertaking of the Unit Trust of India.
IPO Opening: July 30, 2025
IPO Closing: August 1, 2025
Cut-off time for UPI mandate confirmation: August 1, 2025 (5 pm)
Date of Allotment: August 4, 2025
Refunds to begin: August 5, 2025
Credit of shares to demat account: August 5, 2025
Listing of shares: August 6, 2025
After this IPO is concluded and the listing is done, NSDL will turn into the second depository to be listed on the stock exchanges. The other one Central Depository Services went public in 2017.
The minimum lot size for which a retail investor can apply has 18 shares. The minimum amount of application money required at the upper end of the price band is Rs 14,400. For the sNII the minimum lot size has 252 shares while the number is 1,260 shares for the bNII category of investors. ICICI Securities Limited is the lead manager of the NSDL IPO and MUFG Intime India Private Limited (Link Intime) is the registrar for the IPO.
(Disclaimer: (Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.))
