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News Topical, Digital Desk : NSDL IPO Listing Updates: After receiving a tremendous response from investors to the National Securities Depository Limited (NSDL) IPO, NSDL shares made a strong debut in the stock market on August 6. On Wednesday, the shares were listed on the BSE Sensex at Rs 880 (NSDL Share Price), i.e. at a premium of 10 percent, as against the issue price of Rs 760 to Rs 800 per share.
Shares were oversubscribed 41 times
Let us tell you that the NSDL IPO was worth Rs 4,011.6 crore and it was oversubscribed a total of 41.01 times. Investors had bid for more than 144.03 crore shares as against 3.51 crore shares (Stock Market Today). Subscription for NSDL IPO was open between 30 July and 1 August. IPO Subscription Retail portion was subscribed 7.73 times, Non-Institutional Investors (NII) 34.98 times and Qualified Institutional Buyers (QIB) 103.97 times. It is worth noting that NSDL's IPO was completely an Offer-for-Sale (OFS). No new shares have been issued in it and hence NSDL did not get any funds from this IPO. NSDL is India's largest depository institution. The company has the largest market share in the value of issuers, active financial tools and assets.
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