NSDL IPO Last Day Subscription: ₹4,011.6 Crore Offer Fully Subscribed Within Hours
Date: August 1, 2025
The much-awaited National Securities Depository Ltd (NSDL) IPO, which opened for bidding on July 30 and concluded on August 1, saw a strong response across all investor categories. The ₹4,011.6 crore public issue, structured entirely as an Offer-for-Sale (OFS), was fully subscribed within hours on the final day of bidding.
Strong Demand Across Investor Categories
- Retail Individual Investors (RII): 1.16 times
- Non-Institutional Investors (NII): 1.09 times
- Qualified Institutional Buyers (QIB): 72%
Despite a relatively modest response from QIBs, overall subscription was completed swiftly, underscoring investors’ confidence in NSDL’s fundamentals and market position.
Grey Market Buzz: Premium Indicates Positive Listing
According to grey market data, the NSDL IPO is commanding a Grey Market Premium (GMP) of around ₹85, translating to an upside of ~15.6% over the upper price band. This suggests strong potential for listing gains.
Brokerage View: Long-Term Play
Leading brokerage houses such as Angel One, Reliance Securities, and Ventura have given a “Subscribe for Long Term” rating. Analysts highlight NSDL’s dominant market share in the Indian depository space, stable revenue streams, and its importance in the capital markets infrastructure.
Key Dates Ahead:
- Basis of Allotment: Likely on August 4, 2025
- Listing Date (Expected): Around August 6, 2025 on BSE and NSE
Investors are now eagerly waiting for the allotment status, as market sentiment remains optimistic ahead of the listing.
