Latest news with #NationalSecuritiesDepositoryLtd
Hans India
4 hours ago
- Business
- Hans India
NSDL IPO Opens on July 30: Price, GMP, Lot Size, Subscription Details
The Initial Public Offering (IPO) of National Securities Depository Ltd. (NSDL) will open for subscription on Wednesday, July 30. NSDL is a SEBI-registered Market Infrastructure Institution (MII), and it will be listed on the BSE. GMP (Grey Market Premium) Today – July 28 As of 5 p.m. on July 28, the grey market premium (GMP) for the NSDL IPO was ₹137 per share, according to Investorgain. This suggests that NSDL shares might list at around ₹937 per share, which is 17.12% higher than the IPO's top price of ₹800. ⚠️ Note: GMP is unofficial and based on market guesswork. Important Details of NSDL IPO Total Issue Size: ₹4,011.60 crore (Offer for Sale only – 5.01 crore shares). Price Band: ₹760 to ₹800 per share. Lot Size: 18 shares per lot. Minimum Investment (Retail): ₹13,680 (1 lot). sNII Minimum Investment: ₹2,01,600 (14 lots). bNII Minimum Investment: ₹10,08,000 (70 lots). IPO Dates
Mint
a day ago
- Business
- Mint
NSDL IPO opens next week: GMP, price, date, other details in 10 points
The most awaited National Securities Depository Ltd. (NSDL) initial public offering (IPO) is all set to hit the primary market next week. The NSDL IPO will open for subscription on July 30 and close on August 1. NSDL IPO is a book-building of ₹ 4,011.60 crores. The issue is entirely an offer for sale of 5.01 crore shares. The NSDL IPO has allocated up to 50 per cent of the shares for Qualified Institutional Buyers (QIBs), at least 15 per cent for Non-Institutional Investors (NIIs), and a minimum of 35 per cent for retail investors. Additionally, up to 85,000 equity shares are set aside for eligible employees, who will also receive a discount of ₹ 76 per share under the employee reservation segment. This IPO is entirely an offer for sale, involving up to 5.01 crore equity shares being sold by existing shareholders. IDBI Bank plans to divest up to 2.22 crore shares, the National Stock Exchange (NSE) aims to sell up to 1.80 crore shares, while the State Bank of India (SBI) will offer up to 40 lakh shares. HDFC Bank and Union Bank of India intend to sell up to 20 lakh and 5 lakh shares, respectively. NSDL IPO date: The IPO will open for subscription on July 30 and close on August 1. NSDL IPO price band: NSDL IPO price band is set at ₹ 760 to ₹ 800 per share, with a face value of ₹ 2 per share. NSDL IPO size: The IPO is a book-building of ₹ 4,011.60 crore and is entirely an offer for sale of 5.01 crore shares. NSDL IPO lot size: The minimum amount of investment required by an retail is ₹ 13,680 (18 shares). NSDL IPO reservation: 50 per cent reserved for QIB, 35 per cent reserved for retail and 15 per cent for NIIs. NSDL IPO allotment date: The allotment for the NSDL IPO is expected to be finalized on Monday, August 4. NSDL IPO listing date: The IPO will be list on BSE with a tentative listing date fixed as Wednesday, August 6. NSDL IPO lead manager: ICICI Securities Limited is the book-running lead manager. NSDL IPO registrar: MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. NSDL IPO GMP: The shares of NSDL IPO is trading at ₹ 145 in the grey market. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
NSDL has onboarded majority of new brokers, says CEO Vijay Chandok
National Securities Depository Ltd (NSDL) has onboarded the majority of new brokers entering the market in recent quarters, surpassing its competitor in this segment, according to the company's managing director and chief executive Vijay Chandok. 'These newly onboarded brokers are primarily new-age players who are currently small but are expected to grow significantly in size and scale,' Chandok told Mint, speaking after NSDL's press conference in Mumbai announcing the price band for its initial public offering (IPO). Bringing in new brokers could be a key move for NSDL, especially as rival Central Depository Services Ltd (CDSL) currently leads in terms of new demat account openings. As of FY25, CDSL had 37.38 million new investor accounts, while NSDL had added 3.68 million. The next growth driver and a natural opportunity in the market for NSDL is by providing better settlement pricing, said Chandok. NSDL has removed the settlement fees per debit instruction for the first 36 months from the date of opening a new demat account for individuals below the age of 24. 'The YUVA plan is meant for the young investors, because we see this as a growing market, and to facilitate this opportunity, we have brought the pricing of settlement to zero,' Chandok said. Settlement fees refer to the charges paid to the depository for transferring the ownership of shares between buyers and sellers. The transaction revenue per account for NSDL has fallen from ₹ 72 in FY21 to ₹ 63 in FY23, according to NSDL's draft red herring prospectus (DRHP). 'You will find younger investors coming as compared to the senior guys who have participated earlier in the market, they tend to have lower per capita capability, which brings down the average.' This number is naturally expected to fall further as more young investors come in, he said. But, as more investors come, there are more opportunities to generate revenue, he said. On the slow adoption of same-day trade settlement (T+0), Chandok said that was for brokers to decide. 'We are very supportive of all the regulatory changes as it is in the interest of market risk and a safer environment. In that spirit, we would have already provided this service to our brokers, and now it is really for the brokers to follow and then implement it,' Chandok said. However, Chandok said that the market participants will have to wait for it to play out as 'we have seen things moving from T+2 to T+1'. Chandok said the agenda for further investments in technology will be laid out soon. 'All of that is self-sustained in terms of financing as the company is cash-rich,' Chandok added. Investments in technology started during Covid 19, when companies had to meet the regulatory requirement of conducting AGMs. NSDL launched e-AGM, which revolutionized or changed the way people conduct and attend AGMs, Chandok said. NSDL also launched a product for debt capital markets — a DLT-based platform for covenant monitoring, he added. NSDL has the highest market share by value of securities in demat form at ₹ 464 trillion in FY25 compared with CDSL's ₹ 71 trillion. NSDL has set its price band ₹ 760-800 per share for its IPO. At the upper end, the company is expected to raise ₹ 4,000 crore. The issue an offer for sale (OFS) of 50.1 million shares. Among the sellers offloading their stakes would be IDBI, State Bank of India, National Stock Exchange, Union Bank of India, HDFC Bank, and Specified Undertaking of the Unit Trustof India. The IPO will open for subscription on 30 July and close on 1 August.
India Today
4 days ago
- Business
- India Today
NSDL IPO: Check price band, GMP, key dates, issue size and more
National Securities Depository Ltd (NSDL) has announced the price band for its much-anticipated initial public offering (IPO), and the valuation has left many retail investors company has priced its IPO in the range of Rs 760 to Rs 800 per share, marking a sharp 22% discount to its current valuation in the unlisted market, where NSDL shares were recently trading at Rs 1,025 apiece. At the top end of the price band, NSDL's market capitalisation is estimated at around Rs 16,000 This markdown has not gone unnoticed. NSDL's shares in the grey market had already corrected 20% from their recent peak of Rs 1,275, recorded in mid-June. The latest move aligns with a growing trend where companies going public are opting for conservative pricing, a pattern seen earlier with HDB Financial Services, Tata Technologies, AGS Transact, UTI AMC, and PB experts caution that the unlisted space remains risky, especially for short-term investors hoping to profit purely from IPO-linked price movements. Despite the underwhelming price band, NSDL's IPO still promises windfall gains for its early investors. As of today, the grey market premium (GMP) stood at Rs 167, translating to a nearly 21% gain on the listing price. It may be noted that the NSDL IPO is entirely an offer for sale of up to 5.01 crore equity shares by existing shareholders. IDBI Bank, which owns a 26% stake in the depository (5.22 crore shares), had acquired its holding at an average price of just Rs 2 per share. That investment—worth Rs 10.44 crore at the time—is now valued at Rs 4,176 crore, translating to a return of over 39,000%.NSE, which holds a 24% stake (4.8 crore shares), acquired it at an average of Rs 12.28 per share. That stake is now worth Rs 3,840 crore, up from Rs 59 crore. Similarly, the government's holding through SUUTI—originally valued at Rs 2.73 crore—is now worth Rs 1,093 Bank, with an 8% stake, invested at an average price of Rs 108.29 per share. That holding is now valued at Rs 1,273 crore. SBI, which got in at Rs 2 per share for a 5% stake, is sitting on a valuation of Rs 800 crore. Union Bank of India's Rs 7 crore investment at Rs 5.20 per share has also ballooned to Rs 450 IPO, a pure offer for sale, aims to raise Rs 4,011 crore. It will open for subscription on July 30 and close on August 1, with anchor bids starting a day earlier on July 29.- Ends
Time of India
4 days ago
- Business
- Time of India
NSE, banks to offload 5 cr NSDL shares in IPO
Mumbai: National Securities Depository Ltd (NSDL), India's oldest and largest depository, has filed a draft red herring prospectus (DRHP) for its long-awaited initial public offering (IPO), a pure offer for sale of up to 5.01 crore shares by existing shareholders. The market expectation is that the price band would range from Rs 700–800 per share, which will place the the issue size at between Rs 3,500 crore and Rs 4,000 crore. NSDL, incorporated in 1996, is a professionally managed company and has no identifiable promoter. The IPO will not involve any fresh issue of shares. IDBI Bank, which holds a 26.10% stake, will sell up to 2.22 crore shares. The National Stock Exchange, holding 24%, plans to divest up to 1.8 crore shares. SBI will offload up to 40 lakh shares, HDFC Bank up to 20.1 lakh, Union Bank up to 5 lakh, and the Specified Undertaking of UTI (SUUTI) up to 34.15 lakh shares. As of March 31, 2025, NSDL's paid-up capital stood at Rs 40 crore, comprising 20 crore equity shares of Rs 2 each. The final post-IPO shareholding and dilution will be disclosed in the red herring prospectus at the time of launch. The IPO comes is likely to be at a lower valuation than NSDL's most recent unlisted share price, which ranged from Rs 1,025 to Rs 1,067 per share in July 2025 according to brokers. NSDL posted revenue from operations of Rs 1,420.15 crore in FY25, while profit after tax attributable to equity shareholders stood at Rs 343.12 crore. The company derives over half its operating revenue from banking services, which contributed Rs 719.93 crore in FY25, or 50.69% of the total. Depository services brought in Rs 618.94 crore, accounting for 43.56% of the revenue. The IPO is scheduled to open for anchor investors on July 29. The main bidding window will run from July 30 to August 1. The shares are proposed to be listed on the BSE. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
