Highlights: Last chance to apply for NSDL IPO; GMP up 17% on Day 3 – Here’s all you need to know

NSDL IPO GMP, Price Band Highlights: Last chance to apply for NSDL IPO; GMP up 17% on Day 3 – Here’s all you need to know: Today is the third day of NSDL IPO bidding. India’s largest depository, NSDL, is opened its doors to the public markets on July 30 , and investors are watching closely. India’s oldest and largest depository, the Rs 4,011 crore IPO is one of the most anticipated listings this year.

Here are five important things to know before you consider placing a bid.

It is a pure offer for sale (OFS)

This mainboard issue consists entirely of an Offer For Sale of 5.01 crore shares by existing shareholders. Some of the shareholders include IDBI Bank, SBI, NSE, HDFC Bank, and Union Bank. That means NSDL won’t receive any funds. The issue is purely to comply with SEBI’s ownership norms and allow early investors to partially exit.

Price band and lot size

Now coming to the price band of the issue, it is kept between the range of Rs 760 to Rs 800 per share. Investors can bid for a minimum of 18 shares (Rs 14,400 at upper band), and in multiples thereafter. The issue will close on August 1. After the bidding and allotment process, the IPO listing expected on August 6.

LIC, ADIA among anchor investors

Prior to the opening of the issue, NSDL raised Rs 1,201 crore from anchor investors, including LIC, ADIA, SBI MF, and Fidelity Funds. It is also interesting to note that LIC alone picked up nearly Rs 144 crore worth of shares.

Big numbers, Big reach

NSDL manages Rs 510 lakh crore in assets. It serves 4 crore demat accounts, and operates through nearly 66,000 service centres. Moreover, it is also the first and largest depository in India.

Financials

Looking at the financial performance of the company, in FY25, NSDL reported a 24.6% jump in net profit to Rs 343 crore and maintained a 32% EBITDA margin.