NSDL Lists at ₹880 on BSE, Jumps 5% Over IPO Issue Price Post Listing

Mumbai, August 6, 2025 – Shares of National Securities Depository Ltd (NSDL), India’s oldest and largest depository, made a decent debut on the Bombay Stock Exchange (BSE) today. NSDL shares were listed at ₹880 on the BSE, a premium of 10% over the initial public offering (IPO) price of ₹800 apiece.

As of 2:25 PM, the stock was trading at ₹924, up 5%  post from its issue price.

NSDL BSE Listing Snapshot

On August 6, 2025, NSDL made a stellar debut on the BSE with the symbol “NSDL” and the scrip code 544467. The stock was listed at ₹880 a share, or a premium of 10%, over its IPO issue price of ₹800.

The company had a full market cap of ₹18,220 crore and a free float market capitalization of ₹3,258 crore. The stock is traded under the B/T group with a face value of ₹2 per share and a price band of ₹704–₹1,056, or 20%. In addition, it follows the T+1 settlement cycle, and the stock is now listed in the “Listed” category.

IPO Overview

NSDL’s ₹4,012 crore Initial Public Offering was exclusively an Offer for Sale, consisting of 5,01,45,001 equity shares, and was very well received with an overall subscription of 41.01 times.

Demand was strong across all categories: Qualified Institutional Buyers (QIBs) were the most subscribed category, Non-Institutional Investors (NIIs) subscribed to 34.98×, Retail Investors subscribed to 7.73×, and the Employee quota was subscribed to 15.42×.

Ahead of NSDL IPO launch, NSDL also raised ₹1,201.44 crore via an investor placement from 61 anchor investors at the upper price band of ₹800 per share.

Shareholding and Lock-In

After listing, NSDL has a fully paid-up equity base of 20 crore shares, which is 100% public shareholding. NSDL has no promoters, and no shares are encumbered. This satisfies the SEBI guidelines for market infrastructure institutions.

Of the total, anchor investors hold 1.5 crore shares, of which 75,08,995 shares are locked in until September 2, 2025, and 75,09,004 shares are locked in until November 1, 2025. Of these shares, 6,36,360 shares held by India Alternatives PE Fund II, an AIF, fall under an exception as permitted by the SEBI regulations and are not subject to lock-in.

REF: https://www.bseindia.com/stock-share-price/national-securities-depository-ltd/nsdl/544467/

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