The National Securities Depository Limited (NSDL), India’s largest and oldest depository, is creating a buzz in the financial markets with its ₹4,012 crore Initial Public Offering (IPO). With the allotment status expected to be finalized today, Monday, August 4, and the listing scheduled for Wednesday, August 6, investors are keenly watching the next 48 hours unfold. The offer was fully subscribed within hours and closed with a massive 41.02× overall subscription — clearly showing investor confidence in NSDL’s digital financial infrastructure.
NSDL IPO Snapshot – What You Should Know
NSDL’s IPO, purely an Offer-for-Sale (OFS), offered 5.0145 crore shares priced in a band of ₹760–₹800, and was finally fixed at the upper end — ₹800. This IPO did not raise fresh capital but instead allowed existing shareholders to offload their stake.
Here’s how the subscription numbers looked:
- Qualified Institutional Buyers (QIB): 103.97×
- Non-Institutional Investors (NII): 34.98×
- Retail Investors: 7.73×
Anchor investors such as LIC, SBI Mutual Fund, and Capital International poured in ₹1,201 crore even before the IPO opened, setting a strong tone. The IPO opened on July 30 and closed on August 1. In less than 4 hours on day one, retail participation caused a near frenzy, showing rising interest in India’s digital financial backbone.
The Grey Market Premium (GMP) is currently around ₹120 per share, hinting at a possible listing price of ₹920 — about 15% higher than the issue price.
NSDL IPO Allotment, Refunds & Credit Timeline
Investors who applied for NSDL shares can check their allotment status today (August 4). Allotments will likely be finalized by afternoon. Here’s how to check:
Option 1 – Through Registrar (MUFG/Link Intime):
- Visit: in.mpms.mufg.com
- Go to “Investor Services” → “Public Issues”
- Select “National Securities Depository Ltd (NSDL IPO)”
- Enter PAN, Application Number, or DP-ID/Client ID
- Click Submit
Option 2 – BSE Website:
- Visit: bseindia.com
- Go to “Investors” → “Application Status”
- Choose Equity issue and select NSDL
- Enter required credentials and solve captcha
- Click Search
If “No Record Found” appears, wait and try again in an hour. Ensure accurate details are entered.
By August 5:
- If allotted, NSDL shares will reflect in your Demat account.
- If not allotted, your ASBA block or UPI amount will be refunded/unblocked within 24 hours.
Listing Day: August 6 (Wednesday) on BSE and NSE, with estimated listing price of ₹920 based on GMP trends.
Market Buzz: GMP Signals a Strong Debut
The current Grey Market Premium (₹120) suggests high interest, predicting a listing price of ₹920, a solid 15% premium over the issue price. However, it’s important to remember:
- GMP is unofficial and volatile.
- A strong subscription ratio, especially among institutional buyers, signals long-term potential.
- But, since this is an OFS IPO, the company isn’t receiving any new funds — future performance will depend on operational growth, not fresh capital.
Analysts are comparing NSDL’s path to its peer CDSL, which saw sharp gains post-listing. While optimism is high, investors should remain grounded and avoid grey market dealings.
Key Timelines and Conclsuion
| Event | Date |
|---|---|
| Allotment Finalization | August 4 (Today) |
| Share Credit / Refund | August 5 (Tuesday) |
| Stock Exchange Listing | August 6 (Wednesday) |
NSDL’s IPO stands out as a landmark event in 2025’s capital markets — with strong oversubscription, institutional confidence, and a projected premium listing. If you’ve applied, check your allotment today and monitor your Demat account tomorrow. With the listing coming on August 6, prepare for possible listing-day opportunities — and risks.
F.A.Q.
– How can I check my NSDL IPO allotment status?
You can check your allotment status through the registrar’s website (MUFG Intime/Link Intime) by entering your PAN, application number, or DP-ID. Alternatively, use the BSE website under “Application Status” to find out if shares have been allotted to you.
– When will I get the NSDL IPO shares in my Demat account?
If you are allotted shares, they will be credited to your Demat account by end of day on Tuesday, August 5, 2025.
– What if I don’t get allotted any shares?
If not allotted, the blocked amount from your bank (ASBA) or UPI mandate will be automatically unblocked or refunded by August 5, typically within 24 hours of finalization.
– What is the expected listing price of NSDL shares?
The Grey Market Premium (GMP) is currently around ₹120, indicating a possible listing price of ₹920, which is 15% higher than the issue price of ₹800. However, this is speculative and can change.
– When will NSDL shares be listed on the stock exchange?
NSDL shares are scheduled to be listed on Wednesday, August 6, 2025, on both BSE and NSE, subject to final exchange approval.
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