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Kolkata: The much-awaited NSDL IPO opened to a resounding start on Wednesday, July 30 -- the first day of bidding -- and collected the target of Rs 4,011.60 crore. Significantly, the issue is an entirely offer for sale and has no fresh share component. The process of bidding that opened on July 30 will close on August 1, 2025. The date of allotment for NSDL shares will take place on August 4 and the listing in both BSE and NSE is expected on August 6.
Reports indicated that the issue got bids for 3,91,38,030 shares against 3,51,27,002 shares on offer. This happened within 1:30 pm. Retail investors applied 118% of the quota earmarked for them, non-institutional investors received 148% subscription. Another success of the NSDL IPO was to garner Rs 1,201 crore from prominent anchor investors a day before the issue opened for bidding. This list included names such as 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 rose to Rs 135 on July 30, up from Rs 126 on July 29. The GMP of Rs 135 indicated a listing gain of 16.88%. However, one must remember 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 is Rs 760–800 a share. The minimum lot size for which a retail investor can apply has 18 shares and, therefore, he/she has to cough up Rs 14,400 as application money. 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.))
