Last Updated:
NSDL Share Price Today: NSDL shares debuted at Rs 880 with a 10% premium, peaked at Rs 920, and are now trading at Rs 911, up 14%. Analysts advise long-term holding.
NSDL shares listed on NSE and BSE with 10% premium.
NSDL Share Price Today: Shares of National Securities Depository Ltd. (NSDL) made a decent debut of 10% premium today, August 06 on the bourses. Stocks listed at Rs 880 against the issue price of Rs 800 per share.
Post the listing, the stock touched the day’s high of Rs 920 apiece.
The scrip was trading at Rs 911 apiece around 11 am with a gain of 14 per cent from the listing price.
NSDL: Should You Buy, Sell Or Hold?
Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd said that despite the muted sentiment in broader markets, NSDL listed broadly in line with our expectations, underpinned by its strong long-term fundamentals.
“We maintain our positive stance, as NSDL remains the dominant player in the institutional depository space, with a leading share in custodial and depository services for mutual funds, insurance firms, banks, and foreign portfolio investors (FPIs). Given the company’s established market position, revenue visibility, and the current valuation dynamics, we recommend allotted investors to HOLD from a long-term investment perspective. For non-allotted investors, a WAIT & WATCH approach is advised, as post-listing dips could offer a more attractive entry point,” he added.
Master Capital Services Ltd said “Going forward, the company plans to use its strength to grow further, improve its IT systems to become more efficient and offer more services. Investors who get IPO should consider holding the stock for the long term as the company has strong fundamentals and a leadership position in the depository segment. On the other hand, those who didn’t get shares in the IPO can buy when the price declines.”
NSDL IPO: More Info
The issue closed last week on Friday, August 01, with an overall subscription of 41.02 times. The mainboard issue of Rs 4,011.16 crore is purely offer-on-sale (OFS). The company has fixed a price band in the range of Rs 760 to Rs 800 per share.
The issue received bids for 1,44,08,34,768 shares as against the 3,51,27,002 shares on offer.
The retail and NII participation stood at 7.76x and 34.98x, respectively. The QIB category has received a 103.97x subscription.
The IPO only consists of an offer for sale (OFS) component of 5.01 crore shares and those selling shares under this are — the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and the Adminstrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
view comments
Read More
