NSDL share price surges nearly 18% on Day 3 after listing, market cap rises over ₹26,000 crore

Shares of National Securities Depository Ltd (NSDL) maintained their strong post-listing momentum on August 8, rising nearly 18% higher. This marked the third consecutive day of gains since the company’s debut on BSE earlier this week.

Following the latest rally, the company’s stock price has now risen more than 65% from its initial public offering (IPO) price of ₹800 per share. This surge has also pushed NSDL’s market capitalisation beyond the ₹26,000 crore mark, underscoring the strong investor interest the stock has attracted since its market entry.

NSDL shares debuted on August 6 at ₹880, a 10% premium over the IPO price of ₹800. By the end of day one, the stock had gained 17%.

On Thursday, August 7, shares of National Securities Depository Ltd (NSDL) hit the 20% upper circuit. The stock rose 20% to ₹1,123.3 apiece, its upper-circuit limit, on the BSE (formerly Bombay Stock Exchange).

At 11:34 am on Friday, shares of NSDL were trading 17.97% higher at ₹1,325 apiece. Its market capitalisation stands at ₹26,420 crore.

The depository announced that its Board of Directors will meet on Tuesday, August 12, to consider and approve standalone and consolidated financial results for the first quarter of FY26, according to an exchange filing.

NSDL had reported a 24.57% surge in its net profit to ₹343.12 crore in the financial year ended March 2025 (FY25), compared to ₹275.44 crore in the fiscal year 2023-24 (FY24). Its revenue from operations stood at ₹1,420.14 crore in FY25, a jump of 11.97% from ₹1,268.24 crore in FY24.

The ₹4,011-crore initial public offering (IPO) of NSDL received 41.01 times subscription on the closing day of bidding on Friday. Before the IPO, the company collected over ₹1,201 crore from anchor investors.

Since the public issue was entirely an OFS, NSDL did not receive any proceeds from the offer. NSDL is a SEBI-registered market infrastructure institution providing a wide range of products and services to India's financial and securities markets.