NSDL IPO subscription status
By 10:10 am on day 2, the total subscription reached 1.99 times, mainly fed by strong interest rates from non-institutional investors (NIIS). Niis had subscribed 3.27 times, while retail investors showed a subscription of 2.08 times. Qualified institutional buyers (QIBs) contributed with a subscription of 84%.
This public offer is a purely offer for sale (OFS) by existing shareholders, a total of RS 4,012 Crore.
IPO GMP today
In the Gray Market, NSDL shares are traded at a healthy premium of 14.44%, indicating a potential listing gain of approximately RS 135 per share, based on the upper IPO prize tire of RS 800. The IPO prize tire is set between RS 760 and RS 800 per share per share for share
Do you have to subscribe to the IPO of the NSDL?
Brokers have largely recommended a ‘subscribe’ rating of the NSDL IPO for long -term investors. Anand Rathi and Canara Bank Securities mention the NSDL monopoly scale in the Deposito Ecosystem, healthy financial data, broad product coverage and strategic relevance for the infrastructure of the Indian capital market as important positives. P/e of 47 × FY25 income, which are lower than listed Peer CDSL. In his remark it stated that NSDL is involved as a pioneer in deposits in India and an ice breaker is for the demat process. The company expands its horizon with more services and options with added value.
“With the dominant market share, a broad service oak and diversified coverage of the assets, NSDL is well positioned for long-term growth, supported by macro-economic in the rugwind and regulatory enablers. Investors must, however, remain careful with the dependence on the transaction fund.
About NSDL IPO
The IPO of the NSDL consists of 5.01 shares of Crore shares and the subscription window will remain open until 1 August. Investors can offer at a minimum party of 18 shares and in multiples thereof. The company is proposed to be mentioned on the BSE, with the provisional list date set before August 6.
NSDL has set the IPO prize band on RS 760 on RS 800 per share.
About NSDL
NSDL was founded after the determination of the Depositories ACT, 1996, NSDL was the first depositary to start activities in India. It plays a crucial role in the financial market infrastructure of the country and offers deposition services in multiple activa classes, including shares, debt instruments, investment funds, Reit’s, Invits, AIFs and more.
NSDL has a pan-India range, which covers more than 99% of pin codes and has a global footprint with customers in 186 countries. The company is active in a stable annuity-like income model, derived from annual costs for emennin and transactions-based costs.
NSDL financial performance and appreciation
For the financial year, FY25 ended, NSDL reported the turnover of RS 1,420 Crore, which marked a 12% growth on an annual basis, while the profit after tax (Pat) 25% yoj rose to RS 343 Crore. The company placed a strong EBITDA margin of 34.71%, with the attention of efficient activities.
NSDL has also diversified its company through subsidiaries such as NSDL Database Management LTD (NDML) and NSDL Payments Bank LTD (NPBL), extended to areas such as e-government services, platforms for legal technology and digital banking.
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In the field of valuation front, the IPO is priced at a price-win ratio (p/e) of 46.62x and a price book (p/b) of 7.98x, based on FY25 income. For comparison: his mentioned Peer Central Depository Services (India) LTD (CDSL) trades on a higher p/e of 60.43x and p/b of 18.08x. NSDL, however, recommends a larger part of the demat activa, more extensive institutional coverage and a broader service infrastructure.
((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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