NSDL IPO: A Comprehensive Overview

Last Updated: August 04, 2025, 23:27 IST

The National Securities Depository Limited (NSDL) has recently made headlines with its Initial Public Offering (IPO), which closed with an impressive subscription rate of 41.02 times, raising a substantial ₹4,011.16 crore. The allotment of shares is set for August 4, with the listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) scheduled for August 6.

NSDL IPO Subscription Details

The NSDL IPO, which closed on August 1, has garnered significant interest from investors. The issue was purely an offer-for-sale (OFS), with a price band set between ₹760 and ₹800 per share. The response was overwhelming, with bids received for a staggering 1,44,08,34,768 shares against the 3,51,27,002 shares available.

Breakdown of Subscription

• Qualified Institutional Buyers (QIBs): 103.97 times
• Non-Institutional Investors (NIIs): 34.98 times
• Retail Investors: 7.76 times

This robust subscription indicates strong market confidence in NSDL, which will become India’s second publicly traded depository after Central Depository Services (CDSL), listed in 2017.

Grey Market Premium (GMP) Insights

Market observers have noted that unlisted shares of NSDL are currently trading at ₹920, reflecting a grey market premium (GMP) of ₹120, or 15% above the upper issue price of ₹800. The GMP is a crucial indicator of market sentiment, showing investors’ willingness to pay more than the issue price.

NSDL IPO Quota Allocation

The allocation of shares in the NSDL IPO is structured as follows:

• Qualified Institutional Buyers: 50%
• Retail Investors: 35%
• Non-Institutional Investors: 15%

This distribution aims to ensure a balanced participation from various investor categories.

How to Check NSDL IPO Allotment Status

Investors eagerly awaiting their allotment can follow these steps to check their status:

Step 1: Check the Allotment Date

The allotment is expected to be finalized on August 4, 2025. It’s advisable to check the status on or after this date, considering potential delays due to weekends or holidays.

Option 1: MUFG Intime India (Registrar)

1. Visit the Registrar’s Website: Go to MUFG Intime India.
2. Select the IPO: Choose "National Securities Depository Limited" from the dropdown menu.
3. Choose Identification Method: Select PAN Number, Application Number, DP/Client ID, or Account Number.
4. Enter Details: Input the required information.
5. Submit: Click “Search” to view your allotment status.

Option 2: BSE Website

1. Visit the BSE Website: Go to BSE IPO Check.
2. Select Issue Type: Click on “Equity.”
3. Select IPO: Choose "National Securities Depository Limited."
4. Enter Details: Input your Application Number and PAN Number.
5. Submit: Click “Submit” to check your allotment status.

Option 3: NSE Website

1. Visit the NSE Website: Navigate to the NSE IPO allotment page.
2. Enter Details: Provide your PAN Number or Application Number.
3. Submit: View your allotment status.

Option 4: Your Stockbroker

1. Log in to Your Broker’s Platform: Access your stockbroker’s app or website.
2. Navigate to IPO Section: Look for the IPO or allotment status section.
3. Select NSDL IPO: Choose National Securities Depository Limited.
4. Enter Details: Provide your Application Number or PAN Number.
5. Check Status: The platform will display your allotment details.

Conclusion

The NSDL IPO marks a significant milestone in India’s financial landscape, showcasing strong investor interest and confidence. As the allotment date approaches, investors are keenly monitoring their status, eager to participate in the listing on the BSE and NSE. With a robust subscription rate and a promising grey market premium, NSDL is poised to make a notable impact in the stock market.

Investors are encouraged to stay informed and consult with certified experts before making any investment decisions.