NSDL IPO Day 1: Issue fully subscribed, NIIs steal the show; check category-wise status

Till 5 PM, the ₹4,011 crore initial share sale received bids for 62,608,572 shares against 35,127,002 shares on offer, as per exchange data.

The category for Retail Individual Investors (RIIs) fetched 1.86 times subscription, while the quota for non-institutional investors received 2.83 times subscription. The portion for Qualified Institutional Buyers (QIBs) witnessed 0.84 times of booking.

The initial public offering (IPO) of up to 6,708,000 equity shares has a price range of ₹205-216 per share. The price range has been fixed at ₹760 to ₹800 per share. The company's shares will hit the secondary market on August 6.

Before the IPO, the company raised ₹1,201.4 crore from anchor investors, including Life Insurance Corporation of India (LIC), SBI Mutual Fund (MF), Smallcap World Fund Inc., Fidelity Funds, Nippon India MF, SBI Life Insurance Company, HDFC Life Insurance Company, Ashoka WhiteOak India Opportunities Fund, Abu Dhabi Investment Authority, HDFC MF, and ICICI Prudential MF, among others.

The NSDL IPO will remain open for subscription till August 1. It is solely an offer for sale (OFS) of 5.01 crore equity shares totalling ₹4,011.60 crore.

The company has reserved 50% of the offer for qualified institutional buyers (QIBs), 35% for retail individual investors, and 15% for non-institutional investors.

As the IPO is completely an OFS, the firm will not get any proceeds from the offer.

NSDL's revenue from operations increased 11.97% to ₹1,420.14 crore in FY25, compared to ₹1,268.24 crore a year back.

The net profit advanced 24.57% to ₹343.12 crore in the fiscal year 2025 as against ₹275.44 crore in the previous year.

According to investorgain.com and media reports, NSDL's unlisted shares are trading at ₹926 per share, reflecting a grey market premium (GMP) of 15.75% over the upper price band of ₹800.