Shares of National Securities Depository Ltd (NSDL) made a robust debut on the NSE on Tuesday, listing at ₹880 — a 10% premium over its issue price of ₹800. The stock surged by ₹80 on opening, reflecting investor enthusiasm following an impressive subscription during the ₹4,011 crore IPO.
The three-day IPO witnessed overwhelming demand, receiving bids worth over ₹1.1 lakh crore. The institutional investor segment led the rally, subscribing 104 times the allocated quota. The non-institutional category was subscribed 35 times, while retail investors booked 8 times the shares reserved for them.
NSDL, India’s oldest depository, earns revenue primarily through annual fees from depository participants, custody fees from issuers, registration charges, and transaction-based charges. It also collects software license and communication fees.
Looking ahead, the company aims to deepen its market reach, enhance operational efficiency by upgrading IT infrastructure, and expand services, particularly in the payments bank space. The successful listing underscores investor confidence in NSDL’s strong fundamentals and future roadmap.
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