NSDL shares settle 17% higher on debut day; here's a buy, sell or hold strategy

NSDL | CMP Rs xx | NSDL shares made a healthy stock market listing on Wednesday at a premium of 10 percent over it's issue price, following a strong 41 times subscription to it's Rs 4,011-crore initial public offer (IPO). The initial share sale of National Securities Depository Ltd (NSDL) was opened for public subscription between July 30 - August 1. Shares of NSDL listed at Rs 880 per share on the BSE, a premium of 10 percent from it's IPO price.

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NSDL shares made a healthy stock market listing on Wednesday, settling at Rs 936 per share, a premium of 17 percent over it's issue price, following a strong 41 times subscription to it's Rs 4,011-crore initial public offer (IPO). The initial share sale of National Securities Depository Ltd (NSDL) was opened for public subscription between July 30 - August 1.

Shares of NSDL listed at Rs 880 per share on the BSE, a premium of 10 percent from it's IPO price. The initial share sale had a price band of Rs 760 - 800 per share. The company's total market capitalization stood at Rs 18,720 crore.

NSDL IPO share listing was below than the expectations in the grey market which had expected a premium listing of about 16 percent.

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NSDL Share Listing Today: Should you buy, sell or hold?

Market participants said that investors should consider holding the stock for the long term, given NSDL’s strong fundamentals and leadership in the depository segment.

Prashanth Tapse, Senior Vice President (Research Analyst) at Mehta Equities Ltd, said, "NSDL continues to lead in value-based transactions and institutional account holdings, backed by strong industry trust and technological infrastructure. Alongside CDSL, it operates in a near-duopoly, with high entry barriers for new players."

"For investors allotted shares, it is advisable to hold from a long-term perspective. Non-allotted investors can wait for any post-listing dip to enter," he added.

Saurabh Jain, Head - Equity Research - fundamentals at SMC Global Securities, noted "With dominant market share, a wide service reach, and diversified asset coverage, NSDL is well-positioned for long-term growth, supported by macroeconomic tailwinds and regulatory enablers. However, investors should remain cautious of its dependence on transaction volumes, evolving investor behavior, and high regulatory and cybersecurity risks.

NSDL share listing; here's a post-listing strategy

NSDL is a Sebi-registered market infrastructure institution offering a range of services to India’s financial and securities markets. It pioneered the dematerialisation of securities in India in November 1996 following the Depositories Act of 1996.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.