Share Market News: NSDL IPO got fully subscribed in a few hours, know till when is the time to bid

Share Market News: National Securities Depository Limited (NSDL)'s Rs 4,011 crore initial public offering (IPO) has received tremendous support from investors on the very first day. The IPO was fully subscribed within a few hours of the bidding starting on Wednesday. According to PTI news, according to National Stock Exchange (NSE) data, as of 1:24 pm, bids were received for 3,91,38,030 shares, while 3,51,27,002 shares were available in the offer. Thus the total subscription was 1.11 times.

Subscription in investor category

Non-institutional investors (NII): This category received 1.48 times subscription.

Retail individual investors (RII): This portion received 1.18 times subscription.

Qualified institutional buyers (QIB): This category received 72 percent subscription.

Raised ₹1,201 crore from anchor investors

NSDL raised over ₹1,201 crore from anchor investors on Tuesday. The price range for this IPO has been fixed at ₹760 to ₹800 per share. This public issue will close on August 1, 2025. It is entirely based on Offer-for-Sale (OFS), with 5.01 crore shares offered.

Fully OFS based issue

This IPO of NSDL is based on shares being sold by the Administrator of the Specified Undertaking of the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and Unit Trust of India. Since it is entirely OFS, NSDL will not receive any funds from this IPO. After this listing, NSDL will become the country's second publicly listed depository, as Central Depository Services (CDSL) has already listed on NSE in 2017.

Compliance with SEBI ownership rules

This listing will ensure compliance with SEBI ownership rules, which prohibit any entity from holding more than 15 percent stake in a depository company. Currently, IDBI Bank holds 26.10 percent and NSE holds 24 percent, which is more than SEBI rules. After this listing, both will have to bring their stake within the prescribed limit.

What is NSDL?

National Securities Depository Limited is a SEBI-certified market infrastructure institution offering various products and services to India's financial and securities markets. After the enactment of the Depositories Act in 1996, NSDL introduced dematerialization of securities in India in November 1996.

Book-running lead managers

The book-running lead managers for this issue include:

ICICI Securities

Axis Capital

HSBC Securities & Capital Markets (India)

IDBI Capital Markets & Securities

Motilal Oswal Investment Advisors

SBI Capital Markets

Grey Market Premium (GMP)

The GMP of the NSDL IPO on July 30, 2025 is ₹126. Based on this, the estimated listing price is ₹926, which represents a gain of 15.75% over the upper price band (₹800). Experts believe that this IPO may get more support in the remaining days.