Depository service provider debuts today after 41x subscription

NSDL IPO Listing Live Updates: Shares of National Securities Depository Ltd. will be making their stock market debut on Wednesday, August 6, which will make it the second depository service provider to be listed on the exchanges after its peer Central Depository Services Ltd. (CDSL). The three-day IPO was subscribed 41x. Watch this space for all the live updates.NSDL IPO Listing Live Updates: Shares of National Securities Depository Ltd. will be making their stock market debut on Wednesday, August 6, which will make it the second depository service provider to be listed on the exchanges after its peer Central Depository Services Ltd. (CDSL). The ₹4,011 crore IPO of NSDL resulted in healthy subscription figures, with institutional and retail investors both placing their bets on the company’s prospects. The three-day issue was subscribed 41 times the total number of shares on offer, getting bids worth over ₹1.1 lakh crore from investors. Institutions led the charge, placing bids for nearly 104 times the total number of shares on offer for them. The portion reserved for non-institutional investors was subscribed 35 times, while the portion for retail investors was also subscribed eight times the total number of shares on offer. NSDL sold shares at ₹800 apiece and premiums in the unlisted market are suggesting that the listing may happen 17% higher than the issue price. Watch this space for all the live updates.

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