NSDL IPO Fully Subscribed on Day 1 - What's Driving the Excitement?

India’s largest depository, NSDL, is entering the public markets today with a Rs 4,011 crore IPO, making it one of the most awaited listings this year. Here are five key points to consider before participating:

1. It is a pure Offer For Sale (OFS) where existing shareholders are offering 5.01 crore shares, including IDBI Bank, SBI, NSE, HDFC Bank, and Union Bank. NSDL will not receive any funds from this issue.

2. The price band is set between Rs 760 to Rs 800 per share. Investors can bid for a minimum of 18 shares and in multiples thereafter. The IPO will close on August 1, with listing expected on August 6.

3. Anchor investors like LIC, ADIA, SBI MF, and Fidelity Funds have already invested Rs 1,201 crore in NSDL, with LIC alone acquiring shares worth Rs 144 crore.

4. NSDL manages assets worth Rs 510 lakh crore, serves 4 crore demat accounts, and operates through 66,000 service centers, establishing itself as the first and largest depository in India.

5. In FY25, NSDL reported a 24.6% increase in net profit to Rs 343 crore and maintained a 32% EBITDA margin.

For live updates on NSDL IPO GMP, Price Band, and Subscription Status, visit the source: financialexpress.com.