NSDL IPO Listing: Shares Open at 10% Premium, Extend Gains on Debut Day
- 6th August 2025
- 12:30:00 AM
- 4 min read
Mumbai | August 6 – The much-awaited NSDL IPO listing took place today, August 6, with shares of National Securities Depository Limited (NSDL) debuting at ₹880 apiece on the Bombay Stock Exchange (BSE) — a 10% premium over the issue price of ₹800. The stock extended gains in early trade, rising over 3% from its listing price as investor sentiment remained upbeat.
NSDL shares were part of the Special Pre-Open Session (SPOS), as per the BSE notice. This listing was keenly tracked by investors after the issue saw strong demand across all categories during the subscription phase. The NSDL IPO allotment was finalised on Monday, August 4.
Also Read: Sri Lotus Developers IPO lists at 19% premium
NSDL Share Price: Strong Debut Followed by Early Gains
At the opening bell, NSDL traded at ₹880, giving early investors immediate listing gains. Within minutes, the stock saw heavy activity, with over 1.31 crore shares changing hands in the first five minutes of trade. By mid-morning, NSDL share price had inched further up, adding over 3% from the opening level.
The debut took NSDL’s market capitalisation to around ₹18,182 crore. The listing is exclusive to the BSE, as the National Stock Exchange of India (NSE) is one of its promoters.
How Much Did NSDL IPO Investors Gain?
For retail investors, the minimum application size was 18 shares. Those allotted one lot saw an immediate profit of ₹1,440 at the listing price (₹80 × 18).
For Small Non-Institutional Investors (sNIIs), the minimum 14-lot allotment (252 shares) meant debut-day gains of ₹20,160. Big Non-Institutional Investors (bNIIs), with a lot size of 1,260 shares, booked at least ₹100,800 in listing gains — excluding any further price moves during the day.
NSDL IPO Subscription: Over 41 Times Booked
The NSDL IPO closed with an overall subscription of 41.01 times.
- QIBs: 103.97× subscription
- NIIs: 34.98× subscription
- Retail Investors: 7.73× subscription
- Employees: 15.42× subscription
The strong QIB demand was a key factor in the positive listing expectations.
Offer for Sale: Who Sold in the IPO
The ₹4,011.6 crore issue was entirely an Offer for Sale (OFS) of 5.01 crore shares. The selling shareholders included:
- National Stock Exchange of India (NSE)
- State Bank of India (SBI)
- HDFC Bank
- IDBI Bank
- Union Bank of India
- Administrator of SUUTI (Specified Undertaking of the Unit Trust of India)
Since it was a pure OFS, NSDL will not receive any IPO proceeds; the funds go directly to the selling shareholders after expenses and taxes.
About NSDL
Incorporated in 1996 after the Depositories Act was passed, NSDL played a pioneering role in the dematerialisation of securities in India, enabling investors to hold and transfer shares electronically.
Key services include:
- Demat account operations for equities, preference shares, debt instruments, mutual funds, and electronic gold receipts
- Settlement solutions for stock market transactions
- Corporate action processing for issuers
- Custody and safekeeping of securities in electronic form
As of March 31, 2025, NSDL is India’s largest depository by number of issuers, active instruments, market share in demat value, and value of assets under custody. Its revenues largely come from annual custody fees paid by issuers and maintenance charges from depository participants.
Bottomline:
The NSDL IPO listing reinforces investor interest in market infrastructure institutions, a sector that has limited listed players. While short-term movements will depend on market conditions and profit-booking by early investors, NSDL’s dominant market position and recurring revenue model make it a key name to watch in the depository services space.
With a 10% premium debut and strong post-listing momentum, NSDL has delivered on market expectations driven by heavy QIB participation. While the company will not directly benefit from the IPO proceeds, its listing opens a new chapter for one of India’s most critical capital market institutions.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
