NSDL shares on the BSE on RS 880 on Wednesday, which yields a premium of 10% compared to the IPO price of RS 800 per share. The stock rose to an intradayhigh of RS 920 on debut day and reached a 4.5% high above the opening level.
While the two -day rally marks a promising start, it is still lagging behind the gray market premium of RS 125 per share prior to the offer, which had implicated a win of 16%.
Strong institutional question supports mention
The RS 4,012 Crore Initial Public Offer was fully an offer for sale (OFS) of 5.01 crore shares, without fresh capital. The issue was aimed at providing liquidity to existing shareholders and making the benefits of the listing possible, so that the promoter is not close to 20 crore shares after the list.
The hunger of investors for the problem was robust, with the IPO 41.02 times in general. Qualified institutional buyers (QIBS) led the question with a subscription of 103.97 times, followed by non-institutional investors (34.98 times) and retail investors (7.76 times). The anchor book increased RS 1.201.44 Crore on July 29, which reflects strong institutional confidence.
“National Securities Depository Limited (NSDL) made a pretty good, solid debut at the stock market,” said Shivani Nyati, head of wealth at Swastika Investmart.
Market infrastructure
NSDL was founded in 2012 and is a SEBI-registered market infrastructure institution (MII) that plays a central role in the Dematerialized Effecten Ecosystem of India. The services include DEMAT account activities, commercial institutions, E-voices, promise services, business actions and consolidated account statements. From March 2025, the company managed 3.94 Crore Active Demat accounts via 294 Depository participants.
NSDL’s subsidiaries, NSDL Database Management and NSDL Payments Bank, are expanding its reach to e-governance and digital financial services.
Financial performance and ratings
In FY25, NSDL reported a turnover increase from 12% on an annual basis to RS 1,535.19 Crore, while the profit after the tax rose by 25% to RS 343.12 Crore. The IPO was priced at a price-gain ratio of 46.63 and a price-to-book value of 7.98, which some analysts consider at the higher end.
Nevertheless, Nyati emphasized the company’s strengths and said: “The company is expanding its horizon with more services and options with added value. The company has brought steady growth in its top and business results.” Nyati said: “National Securities Depository Limited (NSDL) is a SEBI-registered market infrastructure institution and acts as a securities storage in India.”
What should investors do?
Analysts remain carefully optimistic about the outlook of the shares. “Investors are advised to make partial profit near the list level and to keep some shares, possibly with a stop -loss around RS 850,” said Nyati.
While the initial POP does not meet Bullish predictions, the strategic role of NSDL in capital markets, solid financial financial data and extension of longer -term services can support profit. For the time being, the debate about whether investors have to quickly make a profit or hold for more.
Read also | NSDL -Shares list of 10% Premium, Dense Higher
((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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