News

NSDL IPO Listing Price: As the Rs 4,000-crore IPO of the largest depository concluded, National Securities Depository Ltd (NSDL) shares made their debut on the BSE on August 6 at Rs 880, opening 10 per cent higher than the price band of Rs 800.

With this listing, NSDL becomes the second depository service provider to be publicly traded, following its peer Central Depository Services Ltd (CDSL).

Following its debut, the stock was seen trading at Rs 179.10-- on the BSE, maintaining its strong opening level.

Ahead of the listing, Zee Business Managing Editor Anil Singhvi had advised investors to subscribe to the IPO both for reasonable listing gains and with a long-term perspective.

For short-term opportunities, Singhvi said to maintain a stop-loss below Rs 875. "However, long-term investors were advised to hold their positions," he said.

ALSO READ | Sri Lotus Developers lists at nearly 20% premium: Rs 179.10 on BSE, Rs 178 on NSE

The listing comes on the successful Rs 4,011 crore IPO, which saw an overwhelming response across investor categories. The issue was oversubscribed by 41 times with over Rs 1.1 lakh crore in bids. Here is a breakdown of the IPO subscription:

(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.