Key Highlights:
- NSDL IPO is worth Rs 4,011.60 crore and fully an Offer for Sale.
- Price band is Rs 760–Rs 800 with a GMP of Rs 126.
- Stock to list on NSE and BSE on August 6, 2025.
Mumbai: The much-awaited Initial Public Offering (IPO) of National Securities Depository Limited (NSDL), India’s largest depository, has opened for bidding. Investors can apply for the IPO from July 30 to August 1, 2025. The issue size is Rs 4,011.60 crore and it is completely an Offer for Sale (OFS). This means no new shares are being issued by the company — existing shareholders are selling their stake.
Price Band and Lot Size
NSDL has fixed the price band between Rs 760 and Rs 800 per share. For retail investors, the minimum lot size is 18 shares. So, to apply, investors must bid for at least 18 shares. At the upper price of Rs 800, one lot will cost Rs 13,680. Investors can apply for more shares in multiples of 18.
GMP Indicates Listing Gains
As of Wednesday, the Grey Market Premium (GMP) for NSDL shares is Rs 126. This means the stock is expected to list at around Rs 926 per share. If this happens, investors could earn a profit of Rs 126 per share on the listing day.
Allotment and Listing Dates
The share allotment will be finalized on August 4, 2025, and the stock is set to list on both NSE and BSE on August 6, 2025.
Who Gets What Share in the IPO
NSDL has reserved:
- 50 percent of the IPO for Qualified Institutional Buyers (QIBs)
- 35 percent for Retail Investors
- 15 percent for Non-Institutional Investors (NIIs)
Also, 85,000 shares are reserved for NSDL employees, who will get a discount of Rs 76 per share.
Who Is Selling Shares
Since this IPO is an Offer for Sale, several existing major shareholders are selling their stakes. These include:
- National Stock Exchange (NSE)
- State Bank of India (SBI)
- HDFC Bank
- IDBI Bank
- Union Bank of India
- SUUTI (Specified Undertaking of the Unit Trust of India)
These institutions are reducing their shareholding in NSDL through the IPO.
Disclaimer: This information is for educational purposes only and does not constitute investment advice. Please consult a certified financial advisor before investing. Markets are subject to risks; past performance is not a guarantee of future returns.
