₹1.2 Crore Becomes ₹779 Crore — SBI Strikes Gold with NSDL; HDFC Bank and NSE Also Big Winners

Blistering Listing Performance

NSDL’s IPO was priced at ₹800 per share. The stock debuted with strength and continued to climb: it opened on the public market at ₹880 (a 10% premium) and rose sharply over the next three trading sessions, touching intraday highs above ₹1,300. By the end of the week NSDL had gained roughly 62.5% from the IPO price, rewarding early shareholders handsomely.

Also read: NSDL shares rocket 62% from IPO price — Time to cash out or double down? (Economic Times)

Who Won — Quick Snapshot

Investor Avg. Acquisition Price Holding (approx.) Initial Value Value After Listing Return
SBI ₹2 / share 6,000,000 shares (3%) ₹1.20 crore ₹779 crore ~64,915% (650x)
IDBI Bank ₹2 / share 29.98 million shares (14.99%) ₹5.996 crore ₹3,898.80 crore ~650x
SUUTI ₹2 / share 10.245 million shares (5.12%) ₹2.049 crore ₹1,332.68 crore ~650x
NSE ₹12.28 / share 29.999 million shares retained (15% after selling 9%) ₹36.84 crore ₹3,900.90 crore ~10,489% (105x)
HDFC Bank ₹108.29 / share 13.8995 million shares (6.95%) ₹150.54 crore ₹1,657.54 crore ~1,101% (11x)
Union Bank of India ₹5.20 / share 5.125 million shares (2.56%) ₹2.665 crore ₹666.90 crore ~24,823% (249x)

Why NSDL Gained

Market participants point to NSDL’s dominant position in the Indian depository space and its critical role providing custodial and depository services to mutual funds, insurers, banks and foreign portfolio investors. The company’s steady revenue visibility and market leadership helped fuel investor confidence at listing.

Investor takeaway: Analysts generally recommended that retail investors who received allotments consider a long-term view, given NSDL’s franchise value. However, rapid post-listing gains also present an opportunity for short-term profit-taking depending on individual risk appetite.

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