NSDL sets price band at Rs 760-800 for IPO opening on July 30; Check GMP and key details
National Securities Depository, India's largest depository, has announced its IPO with a price band of 760-800 rupees per share. The IPO aims to raise approximately 40 billion rupees, equivalent to $464 million, at the upper end of the price range...
By Navdeep Singh, ETMarkets.com | Updated:
THE ECONOMIC TIMES
The much-awaited Rs 4,011.6 crore initial public offering (IPO) of National Securities Depository (NSDL) is set to open for public subscription on July 30 and will close on August 1, with anchor bidding scheduled for July 29.
The depository has fixed the price band at Rs 760–800 per share, with a lot size of 18 shares, amounting to a minimum investment of Rs 14,400 for retail investors.
The IPO will be entirely an offer for sale (OFS) of up to 5.01 crore equity shares by existing shareholders, including IDBI Bank, NSE, Union Bank of India, SBI, HDFC Bank, and SUUTI. NSDL will not receive any proceeds from the offering.
IDBI Bank is selling about 2.22 crore shares, NSE is selling 1.8 crore shares, while Union Bank is offloading 5 lakh shares in the IPO.
NSDL is aiming for a valuation of around Rs 16,000 crore through the issue. The company had filed its DRHP with SEBI in July 2023, followed by an addendum in May 2025, trimming the issue size from 5.72 crore shares to 5.01 crore shares.
NSDL's IPO is coming at a price-to-earnings (P/E) ratio of 46.62, which appears conservative compared to its only listed peer CDSL, currently trading at a P/E of 66.63. The IPO is generating strong grey market interest, with shares quoting a GMP of Rs 165, implying a potential listing gain of over 20%.
Despite a lull in primary markets due to broader market volatility, NSDL’s financial performance has remained resilient. In Q3 FY25, the company reported a 29.8% year-on-year growth in consolidated net profit at Rs 85.8 crore, while total income rose 16.2% to Rs 391.2 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The depository has fixed the price band at Rs 760–800 per share, with a lot size of 18 shares, amounting to a minimum investment of Rs 14,400 for retail investors.
The IPO will be entirely an offer for sale (OFS) of up to 5.01 crore equity shares by existing shareholders, including IDBI Bank, NSE, Union Bank of India, SBI, HDFC Bank, and SUUTI. NSDL will not receive any proceeds from the offering.
IDBI Bank is selling about 2.22 crore shares, NSE is selling 1.8 crore shares, while Union Bank is offloading 5 lakh shares in the IPO.
NSDL is aiming for a valuation of around Rs 16,000 crore through the issue. The company had filed its DRHP with SEBI in July 2023, followed by an addendum in May 2025, trimming the issue size from 5.72 crore shares to 5.01 crore shares.
NSDL's IPO is coming at a price-to-earnings (P/E) ratio of 46.62, which appears conservative compared to its only listed peer CDSL, currently trading at a P/E of 66.63. The IPO is generating strong grey market interest, with shares quoting a GMP of Rs 165, implying a potential listing gain of over 20%.
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Despite a lull in primary markets due to broader market volatility, NSDL’s financial performance has remained resilient. In Q3 FY25, the company reported a 29.8% year-on-year growth in consolidated net profit at Rs 85.8 crore, while total income rose 16.2% to Rs 391.2 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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