NSDL IPO bidding window closing soon: Will it list at a premium? Here’s what GMP indicates…

The Rs 4,011 crore public issue of National Securities Depository (NSDL) is about to close, with the final bids set to come in by the end of today, August 1. After three days bidding so far, the focus now shifts to whether the stock will deliver on listing day and if grey market whispers are anything to go by, here is everything you need to know from the current GMP, subscription status to other key details. NSDL IPO: GMP up 17%, but can it hold? In the unofficial grey market, NSDL shares are currently quoting at a premium of around Rs 140. This places the possible listing price near Rs 940 per share, which is well above the IPO’s upper price band of Rs 800. However, it is important to note that GMP is far from a guaranteed indicator. It reflects market sentiment that can shift quickly, especially in the final stretch before listing. NSDL IPO: Subscription status so far As of the latest available, the subscription data coming in on Day 3 shows that the IPO has been subscribed 8.11 times overall so far. The Non-institutional investors (NIIs) have shown the most interest, subscribing over 20 times their quota. On the other hand, retail investors followed with bids 5.67 times the reserved portion, while Qualified Institutional Buyers (QIBs) have also come in with nearly 3 times subscription. NSDL IPO: Next up – Allotment and listing With bidding closing today, allotment is expected to be finalised by Monday, August 4. Thereafter, the stock will debut on the BSE on Wednesday, August 6. NSDL IPO: What is on offer – Pure OFS, No fresh capital NSDL’s IPO is a complete Offer for Sale, with no new shares being issued. This means the company itself won’t receive any proceeds. Instead, existing shareholders such as IDBI Bank, NSE, SBI, HDFC Bank, and Union Bank are offloading part of their stakes. Some of these early backers stand to make multi-fold returns, with gains reaching up to 400x in some cases, as per reports. NSDL IPO: Anchor book Ahead of the public opening, NSDL had already locked in Rs 1,201 crore from marquee anchor investors including LIC and Abu Dhabi Investment Authority (ADIA). NSDL IPO: Range of services provided NSDL plays a key role in India’s capital markets, handling the backend of demat transactions and facilitating the electronic settlement of securities. However it is not a flashy tech startup, but rather a critical piece of infrastructure that powers India’s financial system. While the IPO does not inject fresh funds into the company, it does give investors a chance to own a slice of the business.

NSDL IPO bidding window closing soon: Will it list at a premium? Here’s what GMP indicates…

Інші новини компанії