NSDL IPO allotment underway; listing expected on August 6

NSDL’s ₹4,011.6 crore IPO, entirely an offer-for-sale of 5.01 crore shares priced between ₹760–₹800 with a lot size of 18, was subscribed 41.01 times, attracting bids worth ₹1.15 lakh crore from 52 lakh applicants

National Securities Depository Ltd (NSDL) is set to finalise the basis of share allotment for its initial public offering (IPO) today, with allotment confirmations expected to reach investors via SMS, email, or bank alerts by Tuesday, August 5. The company witnessed an overwhelming response to its IPO, which closed on August 1 after a three-day bidding window.

NSDL offered shares in a price range of ₹760–₹800 per equity share, with a lot size of 18 shares. The ₹4,011.6 crore issue was purely an offer-for-sale (OFS) involving the sale of 5.01 crore equity shares by existing shareholders. The IPO was subscribed 41.01 times overall, receiving bids worth approximately ₹1.15 lakh crore across nearly 52 lakh applications.

The qualified institutional buyer (QIB) segment led the demand with a subscription of 103.97 times, followed by non-institutional investors (NIIs) at 34.98 times. Retail investors showed healthy interest as well, with their portion booked 7.73 times, while the employee quota attracted bids 15.42 times the reserved portion.

Muted grey market signals ahead

Despite the robust subscription, market observers noted a slight dip in NSDL’s grey market premium (GMP) amid broader market volatility and tepid listing sentiment. The GMP, which stood around ₹135–₹140 during the IPO window, has now softened to ₹115–₹120 per share, pointing to a potential listing gain of around 14–15% over the issue price.

The Securities and Exchange Board of India (SEBI) had earlier extended NSDL’s deadline to list its shares until August 14, 2025, following a previous deferral in April. The company is now expected to debut on both the BSE and NSE on Wednesday, August 6, 2025.

Investors can check their allotment status on the BSE website or through the portal of the registrar, MUFG Intime India. The registrar is responsible for processing IPO applications, updating share credits for successful applicants, issuing refunds, and addressing investor queries post-issue.