NSDL IPO Opens Today | ₹4,012 Cr Sale, ₹135 GMP & Anchor Support

NSDL IPO Opens Today | ₹4,012 Cr Sale, ₹135 GMP & Anchor Support

NSDL IPO opens July 30 with ₹4,012 crore offer-for-sale. Grey market premium at ~₹135 and ₹1,201 crore anchor bids indicate strong investor confidence.

NSDL IPO Kicks Off Today: Key Details, Strong Anchor Investor Interest, and GMP Insights

National Securities Depository Limited (NSDL), India's oldest and largest depository, is set to make its highly anticipated debut on the public markets today, Wednesday, July 30, 2025. The Initial Public Offering (IPO) opens for subscription, aiming to raise a significant sum through an offer-for-sale (OFS) by existing shareholders.

With a substantial anchor investor allocation and a healthy Grey Market Premium (GMP), the NSDL IPO is generating considerable buzz and is expected to attract strong interest from retail and institutional investors alike. Here's a detailed look at what you need to know about this major market event.

NSDL IPO at a Glance: Dates, Price, and Offer Size

The NSDL IPO is a book-built issue with the following key details:

• Subscription Dates: The IPO opens today, July 30, 2025, and will close on August 1, 2025.
• Price Band: The company has set the price band at ₹760 to ₹800 per equity share.
• Issue Size: The total issue size is ₹4,011.60 crore, comprising an offer-for-sale (OFS) of 5.01 crore equity shares. This means the proceeds will go to the selling shareholders, not the company.
• Lot Size: Retail investors can bid for a minimum of 18 shares, and in multiples thereof. The minimum investment for retail investors is ₹14,400 (at the upper price band).
• Listing: The shares are proposed to be listed on the BSE, with a tentative listing date of August 6, 2025.
• Employee Discount: Eligible employees will receive a discount of ₹76 per share on the issue price.

The IPO is a strategic move to comply with SEBI's ownership norms, which mandate that no entity can hold more than 15% of a depository. Major shareholders like IDBI Bank and NSE are reducing their stakes through this OFS.

Strong Anchor Investor Support: ₹1,201 Crore Mobilized

A day before the public subscription opened, NSDL successfully mobilized over ₹1,201 crore from anchor investors on Tuesday, July 29, 2025. This strong response from institutional investors is a positive indicator for the IPO's success.

• Key Participants: The anchor portion saw participation from prominent domestic and foreign institutional investors, including Life Insurance Corporation of India (LIC), Smallcap World Fund Inc, SBI Mutual Fund, Fidelity Funds, Nippon India MF, SBI Life Insurance Company, HDFC Life Insurance Company, and Abu Dhabi Investment Authority.
• Allocation Details: NSDL allotted over 1.5 crore equity shares to 61 funds at the upper price band of ₹800 apiece. LIC was a significant investor, picking up nearly 18 lakh shares.

The robust demand from anchor investors reflects their confidence in NSDL's business model, market leadership, and future growth prospects.

NSDL IPO Grey Market Premium (GMP) Today

The Grey Market Premium (GMP) is an unofficial indicator of an IPO's potential listing performance. As of July 30, 2025, the NSDL IPO's GMP is hovering around ₹135 per share.

• Estimated Listing Price: Based on the upper price band of ₹800 and a GMP of ₹135, the estimated listing price for NSDL shares could be around ₹935 (₹800 + ₹135).
• Potential Listing Gain: This suggests a potential listing gain of approximately 16.88% over the issue price.

While GMP is not an official indicator and can fluctuate, a positive GMP generally signals healthy investor interest and potential for listing gains.

About NSDL: India's Depository Pioneer

Established in 1996, NSDL is a SEBI-registered market infrastructure institution that pioneered the dematerialization of securities in India. It provides electronic infrastructure for the dematerialization of securities and facilitates the electronic settlement of trades in the Indian securities market.

• Market Leadership: As of March 31, 2025, NSDL manages over 39.45 million active demat accounts and assets worth over ₹510 lakh crore under custody.
• Financial Performance (FY25): For the financial year 2024-25, NSDL reported a net profit of ₹343.12 crore (up 24.57% YoY) and a total income of ₹1,535.19 crore (up 12.41% YoY).
• Diversified Services: NSDL offers a wide range of products and services, including demat account services, clearing & settlement, corporate action processing, e-voting, and KYC authentication.

The company's robust financial performance and critical role in India's capital markets make it an attractive investment proposition.

Conclusion: A Significant Listing for the Indian Market

The NSDL IPO opening today marks a significant event for the Indian primary market. With its strong fundamentals, leadership position in the depository space, substantial anchor investor backing, and a positive GMP, the IPO is well-positioned for a successful listing.

Investors looking for exposure to India's growing financial infrastructure may find NSDL an attractive long-term investment. Prospective bidders are encouraged to review the RHP and consult with financial advisors before making investment decisions.