NSDL IPO Day 1 Live Updates: National Securities Depositories Ltd. (NSDL) has hit the markets with a ₹4,011 crore IPO, priced between ₹760 – ₹800 per share. The issue has opened for subscription. The IPO a pure Offer for Sale — meaning no fresh funds for the company, only existing shareholders selling stake. Watch this space for all the live updates.
NSDL IPO Day 1 Live Updates: National Securities Depositories Ltd. (NSDL) has hit the markets with a ₹4,011 crore IPO, priced between ₹760 – ₹800 per share. The issue has opened for subscription. The IPO a pure Offer for Sale — meaning no fresh funds for the company, only existing shareholders selling stake. At the upper-end of the price band, NSDL will command a market cap of around ₹16,000 crore, with listing slated exclusively on the Bombay Stock Exchange. Set up in 1996, NSDL is India’s very first securities depository and the largest one too. It oversees the highest number of issuers, active instruments, and total asset value under custody. The NSDL IPO will see five existing shareholders – IDBI Bank, the National Stock Exchange (NSE), State Bank of India (SBI), HDFC Bank and Union Bank pare some of their existing stake, taking home returns of as high as 400x on their initial investment amount. Investors will have to bid for minimum lot size of 18 shares with an investment of ₹14,400 and then in multiples of 18 thereafter. Watch this space for all the live updates.
