Daijiworld Media Network- Mumbai

Mumbai, Jul 25: National Securities Depository Ltd (NSDL), India’s first and largest securities depository, is all set to open its initial public offering (IPO) on July 30. The grey market premium (GMP) for the issue indicates a likely listing gain of nearly 21 percent over the issue price.

As per market sources, the GMP stood at Rs 167 per share on Friday morning, suggesting a potential listing price of Rs 967 against the upper end of the IPO price band of Rs 800.

The IPO, worth Rs 4,011.6 crore, is a complete offer-for-sale of 5.01 crore equity shares. The price band has been fixed between Rs 760 and Rs 800. Retail investors can bid for a minimum of one lot comprising 18 shares, requiring an investment of Rs 13,680. For non-institutional investors, the minimum investment varies based on lot size requirements.

The public issue will remain open from July 30 to August 1. Share allotment is expected to be finalised on August 4, with shares credited to demat accounts on August 5. NSDL shares are likely to be listed on the Bombay Stock Exchange (BSE) on August 6.

ICICI Securities is the lead book-running manager, while MUFG Intime India Pvt Ltd is the registrar. Being a pure offer-for-sale, NSDL will not receive any proceeds from the IPO. The company is aiming to gain the benefits of listing and enhanced visibility in the capital markets.

NSDL, established in August 1996, plays a vital role in India’s financial infrastructure by facilitating the dematerialisation and electronic settlement of securities. It remains a key player in the seamless functioning of capital market transactions in the country.