NSDL IPO Day 2: Everything You Need to Know Before You Apply
The NSDL IPO has quickly become one of the most talked-about public issues of the year. On Day 2 of the bidding, investor interest remains strong. The IPO size is Rs 4,011 crore and includes only an Offer for Sale (OFS). That means NSDL won’t get any of the funds raised. Instead, the money will go to existing shareholders like IDBI Bank, SBI, NSE, HDFC Bank, and Union Bank. This step is mainly to meet SEBI rules and allow some early investors to exit.
NSDL IPO Day 2 sees strong investor demand. Here’s all you need to know about GMP, subscription, price, financials, and why experts suggest ‘Subscribe’.
NSDL IPO Subscription Status: Day 1 Recap and Day 2 Outlook
On Day 1, the NSDL IPO was fully subscribed overall, which shows strong demand. The employee portion led the way, getting subscribed 1.83 times. The Non-Institutional Investor (NII) portion followed with 1.32 times. Retail investors came in strong with 0.84 times subscription. However, Qualified Institutional Buyers (QIBs) were slower, bidding for only 0.26 times their quota. But experts believe QIB interest usually picks up toward the end.
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NSDL IPO GMP and Anchor Investment Update
Before the IPO opened, NSDL raised Rs 1,201 crore from anchor investors. Big names like LIC, ADIA, SBI Mutual Fund, and Fidelity Funds were part of it. LIC alone invested about Rs 144 crore. That’s a big show of trust from India’s largest insurer. As for the grey market premium (GMP), it has stayed positive, showing steady investor confidence in this IPO.
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NSDL IPO Company Profile: Why It Stands Out
NSDL, or National Securities Depository Limited, started in 1996. It was the first to introduce electronic holding of shares in India. Today, it manages over 4 crore demat accounts. It also handles assets worth Rs 510 lakh crore. NSDL might have fewer demat accounts than its rival CDSL, but it still has a 66% market share in settlement value. That means most of the high-value trades in India pass through NSDL.
NSDL IPO Financials and Growth
The financial health of NSDL is another strong point. From FY19 to FY25, its active demat accounts have grown at a CAGR of 13.5%. Its net profit also rose by 24.6% in FY25, reaching Rs 343 crore. The company maintains a solid EBITDA margin of 32%, which is a good sign for long-term investors. Experts like Geojit have given a “Subscribe” rating to the IPO, praising its stable revenue and leadership in the market.
NSDL IPO Price Band and Investment Details
The price band for the IPO is Rs 800 per share. If you’re a retail investor, the minimum investment is Rs 13,680 for one lot (18 shares). For small NIIs, the minimum is 14 lots, costing Rs 2,01,600. And for large NIIs, the floor starts at 70 lots, which is Rs 10,08,000. Since this IPO is a mainboard listing, it also comes with stronger regulatory oversight, which adds more trust.
Also Read: How much you will get after 20 Years, if you made 15,000 Rs as SIP
NSDL IPO Purpose: Why This Offer Is Happening
Many investors wonder, “If NSDL won’t get any funds, why this IPO?” The reason is simple. SEBI requires certain companies, especially those in market infrastructure, to have public shareholding. This IPO helps NSDL meet that goal. It also gives early investors like IDBI and HDFC Bank a chance to partially exit and book profits.
The NSDL IPO is gaining strong momentum with every passing hour. Backed by trusted institutions, strong financials, and a leading market position, it looks like a solid offer—especially for long-term investors. If you’re thinking of applying, keep an eye on Day 2 and Day 3 numbers. And always remember: invest only after doing your homework.
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