NSDL IPO GMP Zooms 16% Ahead of July 30 Opening; Check Issue Price, Subscription & Listing Date

One of the highly awaited IPOs in the market currently is the NSDL IPO, which is getting massive hype in the Grey Market. The IPO will open in the next two days on July 30, but the current GMP is setting the stage for a big listing ahead. All eyes are on this Rs. 4,011.60 crore public issue.

NSDL IPO Key Details

The NSDL IPO will be on July 30 and will remain open till August 1st. It is a pure offer for sale worth Rs. 4,011.60 crore. The price band is fixed at Rs. 760 to Rs. 800 per share, and the face value of each share is Rs. 2.

Retail investors can bid in lots of 18 shares, requiring a minimum investment of Rs. 14,400 at the upper end of the price band. The tentative listing date on the BSE is August 6th.

NSDL IPO GMP Today

As per data from BSE, the NSDL IPO GMP today, July 28, is Rs. 135, which means that investors who get the IPO share can enjoy a listing gain of 16.6%, as the potential listing price is Rs. 935.

About NSDL

The National Securities Depository Limited (NSDL) is a SEBI-registered market infrastructure institution in India known for dematerialisation of securities. In 1996, NSDL became a key player in the Indian capital markets ecosystem.
"As of March 31, 2025, NSDL manages over 3.95 crore active demat accounts and maintains a strong network of 65,391 depository participant (DP) service centres, significantly higher than its closest competitor, CDSL, which operates 18,918 such centres. The institution has 294 registered DPs and over 79,773 issuers, highlighting its extensive operational scale and market reach. NSDL plays a central role in maintaining records related to ownership transfers, asset servicing, and transaction processing, enabling a secure and efficient infrastructure for investors and intermediaries." as per the Axis Capital report

Should You Subscribe to the NSDL IPO?

The upcoming NSDL IPO has got a lot of attention already as the company reportedly has a healthy grey market premium (GMP). However, analysts are yet to issue clear recommendations, as the IPO is set to open for subscription on July 30. While Axis Capital has released the IPO details, it has not provided any rating yet. Investor interest is expected to build as more brokerage firms release their take on the IPO.

The estimated market capitalisation of NSDL post-IPO is Rs. 16,000 crore. The IPO will be managed by ICICI Securities Limited as the book-running lead manager, and MUFG Intime India Private Limited (Link Intime) will serve as the registrar for the issue.

According to a report by CNBC, major institutional shareholders such as IDBI Bank, National Stock Exchange (NSE), Union Bank of India, State Bank of India, HDFC Bank, and the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) will be among the selling shareholders.