NSDL IPO Details Out! Price Band, Subscription Date, Lot Size Other Details To Know

NSDL IPO Details: The wait is finally over! National Securities Depository Limited (NSDL) initial public offering (IPO) details are out, and investors can now plan their IPO investment strategy for NSDL.

The Rs 4,000 crore National Securities Depository Limited (NSDL) IPO will open for subscription from July 30. NSDL has filed a red herring prospectus (RHP) with the regulator for the IPO. NSDL IPO will be a complete offer for sale (OFS) of up to 5.01 crore shares of the company by selling shareholders ie IDBI Bank, NSE, and Union Bank of India, HDFC, etc. Here are all the details about NSDL IPO.

NSDL IPO Price Band, Floor Price, Cap Price,

The NSDL IPO price band has been fixed at a range of Rs 760 and Rs 800 per equity share, with a face value of Rs 2. The floor price of NSDL IPO was fixed at 380 times and 400 times of the face value of the equity shares. The IPO lot size has been fixed at 18 equity shares and in multiples of 18 equity shares. The IPO's anchor book will be accessible a day earlier on Tuesday, July 29.

NSDL IPO Allocation

The IPO will be a completely OFS IPO which will onsist of 5.01 crore of equity shares from current shareholders. The company's market debut will include allocation of up to 50% of shares to qualified institutional buyers (QIBs), not less than 15% for non-institutional investors (NIIs), and a minimum of 35% for retail investors. Additionally, 85,000 shares are reserved for eligible employees with a discount of ₹76 per share under the employee quota.

IDBI Bank plans to sell 2.22 crore shares, while the National Stock Exchange (NSE) will offer up to 1.80 crore shares. Other sellers include State Bank of India with 40 lakh shares, HDFC Bank with 20 lakh shares, and Union Bank of India with 5 lakh shares. The Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) will divest up to 34.15 lakh shares.

NSDL IPO Key Dates To Remember

The NSDL IPO will open for subscription from July 30 and will close on August 1. Anchor investors can participate in the subscription process from July 29 onwards. The IPO share allotment is scheduled to be finalised by August 4, and the refund to investors will begin on the next day. NSDL IPO listing is expected to be on August 6, Wednesday.

The share allotment basis is expected to be finalized by Monday, August 4. Refunds will start on Tuesday, August 5, with successful bidders receiving their shares in demat accounts on the same day. NSDL aims to debut on both BSE and NSE on Wednesday, August 6.

This OFS aligns with SEBI regulations that prevent any single entity from holding more than a 15% stake in a Market Infrastructure Institution (MII). Consequently, IDBI Bank and NSE's divestments will ensure compliance as both currently hold more than this threshold.