Investors Go Crazy For NSDL Shares, Hits 20% Upper Circuit On Second Day Of Listing

Mumbai: NSDL (National Securities Depository Limited) shares continued to rise for the second day after listing. On Thursday, the stock hit the 20 percent upper circuit and closed at Rs 1,123. The buying activity has been very strong since the IPO got listed on Wednesday.

At What Price Did NSDL IPO Debut?

NSDL shares debuted on BSE at Rs 880, which is Rs 80 (or 10 percent) higher than the issue price of Rs 800. On listing day, the stock touched an intraday high of Rs 920 and closed at Rs 936. The next day, it jumped to Rs 1,123.

How Well Was the IPO Subscribed?

- NSDL’s Rs 4,012 crore IPO was a big hit.

- It was subscribed 41.02 times overall.

- QIBs (Big Institutions): 103.97 times

- NIIs (High Net-Worth Individuals): 34.98 times

Retail Investors: 7.76 times

The IPO had a price band of Rs 760-Rs 800. It was a pure Offer for Sale (OFS), so NSDL didn’t get any new money from it directly.

Why Are Investors Buying NSDL Shares So Much?

Market experts suggest that NSDL is a strong long-term investment because:

- It has steady earnings,

- It is a market leader with strong tech systems,

It operates in a duopoly with CDSL, making competition tough for new players.

The listing also fulfills SEBI's rules, which say no single entity can hold more than 15 percent in a depository.

What is NSDL?

NSDL is one of the world’s largest securities depositories and now it's a listed company, giving investors a chance to own its shares through the stock market.

NSDL shares jumped 20 percent on the second day of listing due to strong demand, solid fundamentals, and positive market sentiment. Its IPO was hugely oversubscribed, especially by big institutions.