Mumbai: The Initial Public Offering (IPO) of National Securities Depository Limited (NSDL) closes today, August 1, 2025. It opened for subscription on July 30, and investors have shown a very strong response throughout the offer period.
Within just a few hours of opening, the IPO was fully subscribed. The high demand from various investor groups shows the market’s confidence in NSDL.
Grey Market Premium (GMP) Strong at Rs 135
NSDL shares are showing strong activity in the grey market, with a GMP of Rs 135 per share, suggesting a 17 percent expected listing gain.
The stock first appeared in the grey market on July 19 with a premium of Rs 190 and has stayed above Rs 130 since then.
However, market experts warn that GMP can fluctuate based on market sentiment, and final listing gains depend on demand on the day of listing.
Investor Category-Wise Subscription Status
As of 10:12 AM on Day 3, the IPO was subscribed 5.52 times overall. Here's the category-wise breakdown:
Retail Investors: 4.47 times
Non-Institutional Investors (NIIs): 12.69 times
Qualified Institutional Buyers (QIBs): 1.97 times
Employee Reserved Portion: 7.69 times
The IPO received applications for 17.65 crore shares against the 3.51 crore shares on offer.

Past Day-wise Performance
Day 1: Subscribed 1.78 times
Day 2: Subscribed 5.03 times
Day 3 (as of morning): Subscribed 5.52 times
The strong and consistent interest across all three days highlights investor confidence in NSDL’s business and future prospects.
About NSDL
NSDL (National Securities Depository Limited) is one of India’s leading depositories, responsible for holding and managing securities in demat form. It plays a critical role in the Indian financial system, providing services to investors, brokers, and stock exchanges.
Disclaimer: IPO investments are subject to market risks. Grey Market Premium (GMP) is unofficial and may vary. Listing gains are not guaranteed. Please consult a financial advisor before making any investment decisions based on this information.