Newly-listed stocks: NSDL shares have seen some volatility in recent days, after seeing a massive rally. The stock has so far gained around 51% since listing, and is up nearly 66% from its IPO price.
NSDL share price: NSDL shares see volatility after rally: What lies ahead?
NSDL share price: The shares of the company are now around 40 percent higher than the IPO price.
IPO news highlights: The IPO, which raised about Rs 4,010 crore ($464 million), drew bids for 1.44 billion shares against 35.1 million on sale
NSDL IPO Allotment Status LIVE: The IPO concluded its public bidding on August 1, receiving an overwhelming subscription of 41 times the offered shares.
NSDL IPO: Ahead of listing, the unlisted shares of the company were trading with a grey market premium (GMP) of more than 17% over the IPO price.
In a duopolistic market structure, NSDL is well poised to benefit as capital markets grow in scale and depth
IDBI Bank will earn around Rs 1,776 crore by selling 2.22 crore shares bought at just Rs 2 each, reaping massive gains at the IPO price of Rs 800.
NSDL IPO allotment is expected to take place on August 4, with listing scheduled for August 6.
The firm is targeting the IPO for public subscription between July 30 and August 1, with the anchor book portion scheduled for July 29
The duopolistic market structure with entry barriers and an asset-light business model will continue to aid growth of free cash flows
Two percent translates to up to 40,00,000 equity shares.
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