NSDL IPO sees robust subscription on Day 2, booked 5 times; GMP soars

NSDL IPO continues to see robust subscription on Day 2.

NSDL IPO continues to see robust subscription on Day 2 of the share sale, led by NII and retail portion.

The initial public offering (IPO) of National Securities Depository Ltd (NSDL) got fully subscribed within hours of opening for bidding on Wednesday and later ended the day with 1.78 times subscription.

The Rs 4,011-crore initial share sale received bids for 17.65 crore shares against 3.51 crore shares on offer, translating into 5.03 times subscription, as per NSE data.

Non-institutional investors part received 11.08 times subscription while the quota for retail individual investors (RIIs) fetched 4.17 times subscription. The portion for qualified institutional buyers (QIBs) received 1.96 times subscription.

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NSDL IPO GMP News today

According to websites tracking the grey market activities, the shares of NSDL are commanding a GMP of nearly 17 percent in the unregulated market. Investorgain quoted a GMP of Rs 135 for the shares of the company, indicating a listing gain of 16.88 percent.

Earlier, it mobilised over Rs 1,201 crore from anchor investors on Tuesday. The IPO will conclude on August 1. The price band has been fixed at Rs 760 to Rs 800 per share.

The depository's public issue solely consists of an offer for sale (OFS) component of 5.01 crore shares, and those selling shares under this are National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India, and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI).

NSDL shares will be listed on the BSE on August 6, while the allotment is expected by August 4.

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