NSDL IPO GMP surges as investors await share allotment tonight- check listing date

NSDL IPO GMP surges as investors await share allotment.

NSDL IPO GMP surged on Monday as investors awaited the finalisation of share allotment later tonight.

National Securities Depository Ltd’s (NSDL) Rs 4,011-crore IPO, which closed for subscription on Friday, was subscribed 41.01 times. The company had earlier raised over Rs 1,201 crore from anchor investors on Tuesday. The price band for the issue was set at Rs 760-800 per share.

NSDL IPO GMP Today Price

Market participants tracking grey market activities said NSDL shares were quoting a premium of over 15 percent in the unofficial market. Investorgain reported a grey market premium of Rs 122, implying a listing gain of 15.25 percent over the upper price band.

The basis of allotment for the IPO is expected to be finalised on Monday, August 4, on the website of the registrar, MUFG Intime India Private Limited (formerly Link Intime India Pvt Ltd).

Investors can check their allotment status using their application number or PAN. The status will also be available on the BSE and NSE websites.

Full Details on How to Check NSDL IPO Allotment Status

NSDL IPO Listing Date

The listing of NSDL on August 6 will make it the country’s second publicly traded depository after Central Depository Services Ltd (CDSL), which was listed on the NSE in 2017.

NSDL, a Sebi-registered market infrastructure institution, offers a range of products and services to India’s financial and securities markets. Established in November 1996 following the enactment of the Depositories Act, NSDL pioneered the dematerialisation of securities in the country.

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