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NSDL shares set to list at a premium to issue price, GMP indicatesNSDL IPO Listing: The listing of NSDL will make it the second depository service provider to be listed on the exchanges after its peer Central Depository Services Ltd. (CDSL).By Meghna Sen   August 6, 2025, 7:35:03 AM IST (Published)2 Min ReadFollowing a healthy subscription, shares of National Securities Depository Ltd. (NSDL) will make their Dalal Street debut on Wednesday, August 6. The stock is expected to list with a premium of around 16%, if one goes by the signals from the grey market.

The grey market premium (GMP) for shares of NSDL has seen some fluctuations and is currently trading at around ₹125, indicating a potential listing gain of 16% over the issue price of ₹800.

Prashanth Tapse of Mehta Equities expects a decent listing gain in the range of 12-15%, or potentially higher, depending on market mood on the day of listing.

Tapse has advised that allotted investors hold the stock from a long-term perspective, while non-allotted investors may wait and watch for a potential post-listing dip to enter.

“The market is valuing NSDL favourably beyond the IPO price, driven by optimism about its long-term growth," said Bhavik Joshi, Business Head, INVasset PMS.

NSDL sold shares at ₹800 apiece to investors during the three-day IPO, which was purely an Offer for Sale (OFS).

This means that the company will not receive any proceeds from the issue. Existing shareholders are expected to make gains of up to 400x on their original investment.

Considering the upper end of the price band, NSDL will command a market capitalisation of around ₹16,000 crore, with listing slated exclusively on the BSE.

The ₹4,011 crore IPO of NSDL resulted in healthy subscription figures, with institutional and retail investors both placing their bets on the company's prospects.

The three-day issue was subscribed 41 times the total number of shares on offer, getting bids worth over ₹1.1 lakh crore from investors.

Institutions led the charge, placing bids for nearly 104 times the total number of shares on offer for them. The portion reserved for non-institutional investors was subscribed 35 times, while the portion for retail investors was also subscribed eight times the total number of shares on offer.

Ahead of the IPO opening, the depository services provider raised ₹1,201 crore from anchor investors, including LIC and the Abu Dhabi Investment Authority (ADIA).

The listing of NSDL will make it the second depository service provider to be listed on the exchanges after its peer Central Depository Services Ltd. (CDSL).Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIPONSDL