The National Securities Depository Limited (NSDL) has fixed the price band ₹ 760 to ₹ 800 per share for its first initial public issue (IPO). This issue will be completely through offer for sale (offs), through which the company plans to raise around ₹ 4,011 crore. According to PTI news, this IPO will open for bid on 30 July. Anchor investors (big investors) will be able to bid on 29 July. This IPO will be closed on 1 August. The listing of NSDL shares will probably be on 6 August.
A total of 5.01 crore shares will be sold
According to the news, this entire issue is only open for cell (offs), that is, NSDL will not get any direct funds from it. Under this, a total of 5.01 crore shares will be sold. The share -selling institutions include NSE, SBI, HDFC Bank, IDBI Bank, Union Bank of India and SUUTI (Unit Trust of India). According to the upper price band, the total assessment of the company is ₹ 16,000 crore.
NSDL will become the second listed depository company
After the listing of NSDL, it will become the second listed depository company. Let me tell you, before that there was CDSL, which was listed in 2017. Lack of stake is necessary under SEBI rules. According to SEBI rules, no institution is allowed to hold more than 15% stake in any depository company. IDBI Bank currently has 26.10%, NSE has 24% stake, which will be reduced through this issue.
Learn about the company
The National Securities Depository Limited is a SEBI-Penked Market Infrastructure Company. It was the first institution to start a depository system in India (November 1996). In the financial year 2024-25, NSDL recorded a net profit of ₹ 343 crore (24.57%). The company’s total income during this period was ₹ 1,535 crore (12.41% increase).
It is important for investors to know
In this IPO, shares are reserved with certain categories. It has 50% shares reserved for QIB (qualified institutional buyer). In addition, 35% shares have been reserved for retail investors and 15% NII (non-institutional investors). Let me tell you, the IPO has 18 shares in 1 lot. Investors will have to invest at least ₹ 14,400. Investments can be made in multiples of 18.
Who is the book running lead manager
According to reports, National Securities Depository Limited has appointed ICICI Securities for IPO, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets and Securities, Motilal Oswal Investment Advisors and SBI Capital Markets.
What is the current Gmp?
Shares of National Securities Depository Limited (NSDL) are trading on a strong gray market premium (GMP) of Rs 18.13% or Rs 145-155 before their initial public issue (IPO).
