The upcoming IPO of National Securities Depository Limited (NSDL) has investors talking, mainly because of the rising nsdl ipo gmp in the unofficial grey market. With the issue set to open on July 30, delaying till August 1, the grey market premium offers a glimpse into how the listing might be received.
IPO Name, Price Band & Lot Size
- IPO Name: National Securities Depository Limited (NSDL)
- Price Band: ₹760 to ₹800 per share
- Lot Size: 18 shares per lot (₹14,400 at ₹800)
- Allotment Date: August 4, 2025
- Listing Date: Tentative: August 6, 2025
About NSDL
NSDL is India’s first and largest securities depository. By March 2025, it managed nearly 39.5 million active demat accounts and served more than 65,000 depository participant centres. This IPO is a pure offer for sale, where stakeholders such as NSE, SBI, IDBI Bank, HDFC Bank, SUUTI, and Union Bank are offloading shares. No fresh capital is being raised.
Grey Market Premium: The Pulse of Demand
In the grey market, the GMP currently sits between ₹135 and ₹155, roughly an 17–18% premium over the upper price band of ₹800. That positions the potential listing price near ₹935 per share. Such levels suggest retailers expect a strong listing day. However, these figures are unofficial and may shift with sentiment before the issue closes.
Corporate Events & Shareholders
This IPO is scripted entirely as an OFS—around 5.01 crore equity shares are being sold. Major shareholders are exiting due to regulatory limits: NSE and IDBI Bank both held over 20% stakes, above SEBI’s 15% cap. SBI, HDFC Bank, SUUTI, and Union Bank are also participating.
- Anchor bidding is set for July 29
- Total issue size: ₹4,011.6 crore
Why the Discounted Valuation?
NSDL has priced the IPO at ₹760–₹800—a discount of about 20–22% compared to its previous unlisted valuations (that peaked near ₹1,025). This pricing move appears designed to attract wider investor participation.
What Should Investors Keep in Mind?
With GMP signaling optimism, many investors are watching closely. Yet GMP can fluctuate rapidly. Also, remember that this IPO doesn’t raise fresh funds—it’s a transfer of shares. If you’re applying, base decisions on personal goals and company fundamentals.
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered as financial or investment advice. Grey market premiums (GMP) are unofficial indicators and may change frequently. Investors are advised to consult with a certified financial advisor or do their own research before making any investment decisions related to the NSDL IPO or any other upcoming IPO.
