NSDL Share Price Today: NSDL IPO Lists With 10% Premium; Should You Buy, Sell or Hold?
NSDL Share Price Today: Shares of National Securities Depository Ltd. (NSDL) made their stock market debut today, August 6, with a 10% premium. The stock got listed at ₹880, compared to the issue price of ₹800 per share. After the listing, it touched a high of ₹920. Around 11 am, the shares were trading at ₹911, which is a rise of 14% from the listing price.
NSDL: Buy, Sell or Hold?
Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said that even though the broader market sentiment is subdued, NSDL listed mostly in line with expectations due to its strong long-term fundamentals.
“We continue to be positive, as NSDL is a major player in the institutional depository space, holding a leading position in custodial and depository services for mutual funds, insurance companies, banks, and foreign portfolio investors (FPIs). Considering the company’s strong market presence, stable revenue outlook, and current valuation levels, we advise investors who were allotted shares to HOLD from a long-term point of view. For those who did not receive allotment, a WAIT AND WATCH approach is suitable, as any correction post-listing might give a better opportunity to enter,” he added.
Master Capital Services Ltd mentioned, “Looking ahead, the company aims to leverage its strength to expand further, enhance its IT infrastructure for greater efficiency, and offer additional services. Investors who received allotment should think about holding the shares for the long term due to the company’s sound fundamentals and leading position in the depository sector. On the other hand, those who didn’t get allotment in the IPO can consider buying when there’s a dip in the share price.”
NSDL IPO: Additional Details
The IPO concluded last week on Friday, August 1, with an overall subscription of 41.02 times. The mainboard issue, worth ₹4,011.16 crore, was entirely an offer-for-sale (OFS). The company had fixed a price band between ₹760 and ₹800 per share.
The issue received bids for 1,44,08,34,768 shares against 3,51,27,002 shares on offer.
Retail and non-institutional investor (NII) participation stood at 7.76 times and 34.98 times, respectively. The Qualified Institutional Buyer (QIB) segment was subscribed 103.97 times.
The IPO comprised only an OFS portion of 5.01 crore shares, being sold by existing shareholders — the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India, and the Administrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue was a complete OFS, NSDL will not receive any proceeds from this IPO.
