The IPO of National Securities Depository Limited (NSDL) has received an overwhelming response from investors. The public issue was open from July 30 to August 1, 2025, and was oversubscribed by a total of 41.01 times. The company aimed to raise ₹4,011.6 crore through this offering. However, the entire issue was based on Offer For Sale (OFS), meaning the company will not receive any direct cash flow from this issue.
Heavy Subscription in Every Category
The enthusiasm of investors in this IPO was remarkable. Particularly, the Qualified Institutional Buyers (QIB) category was subscribed 103.97 times, indicating that large investors are confident in NSDL. Meanwhile, Non-Institutional Investors (NII) applied 34.98 times, and retail investors also actively participated with 7.73 times subscription. The portion reserved for employees was also oversubscribed by 15.42 times.
Over 144 Crore Bids for 3.51 Crore Shares
A total of 3.51 crore shares were offered in this mainboard IPO, while bids were received for 144.03 crore shares. This indicates that investors' confidence is based on NSDL's b brand value, financial track record, and its hold in the market.
The allotment of shares in the IPO will be finalized today, i.e., August 4, 2025. Investors who have applied can check their allotment status online. Separate options are provided on the websites of BSE, MUFG Intim, and NSE for this purpose.
How to Check Status on BSE
- First, visit bseindia.com/investors/application_statuschecksystem.aspx
- Select the 'Equity' option
- Choose 'NSDL Ltd' in the 'Issue Name'
- Enter your application number or PAN number
- Click on the 'Search' button
How to Check Through MUFG Intim's Website
- Visit in.mpms.mufg.com/Initial_Offer/public-issues.html
- Select 'NSDL Ltd' from the dropdown
- Choose any one option from PAN, Application Number, DP/Client ID, or Account Number/IFSC
- Fill in the required details and submit
You can also check your allotment status by visiting the official website of NSE and entering your PAN and application number.
Shares to be Transferred to Demat on August 5
The shares will be transferred to the demat accounts of the investors who have been allotted shares on August 5. At the same time, the refund process will be initiated on the same day for those who have not received the shares.
Share Listing Day on August 6
NSDL's share will be listed on BSE on August 6, 2025. According to market experts, its listing premium is expected to be quite good. Currently, its premium in the grey market has reached ₹120 per share. This means that if someone has been allotted shares at a cutoff price of ₹800, they can expect to get a price of up to ₹920 on the listing day.
The Grey Market Premium (GMP) is currently acting as an indicator for investors. NSDL's GMP is currently at ₹120, which indicates that investors can get a profit of ₹120 per share at the time of listing. This is creating a lot of excitement among retail and small investors.
What NSDL's Business Does
NSDL is the largest depository company in the country. Its job is to securely store shares in electronic form for people investing in the stock market. It also provides services such as opening demat accounts, recording transactions, and digital document verification.
Strong Financial Record
Talking about the company's financial performance, NSDL has been a consistently profitable company. Its revenue has been stable over the past few years, and net profit is also showing good growth. Its credibility and technical foundation in the market set it apart from other competitors.
Investors showed tremendous interest in this IPO due to NSDL's brand value, transparent system, technical capabilities, and b customer base. The company's profits and its role in India's digital financial system are expected to increase in the coming times.
IPO Price Band and Details
The price band for this NSDL IPO was fixed at ₹760 to ₹800 per share. This was entirely an offer-for-sale-based issue, in which no new shares were issued. The company's existing shareholders have sold shares of their stake in the market.
Although the retail category has been subscribed 7.73 times, it means that it may be a bit difficult for small investors to get shares. But those who have received the shares can earn good profits on the first day itself.
Through this IPO, NSDL has re-established itself in the market. The confidence that the company has built in technical development and investor service is the reason why investors from all walks of life wanted to be a part of this issue.
Through this news, investors have come to know that the allotment will be finalized today, i.e., August 4, and the share transfer process will start from August 5. According to GMP, listing gains of up to ₹120 per share can be expected on the first day.
