NSDL IPO Sees Strong Demand on Day 2
The IPO started on Wednesday and was fully booked within a few hours. By the end of the first day, it was filled 1.78 times.
As of 11:20 a.m. on Day 2, the IPO got 8.64 crore bids for 3.51 crore shares — that's 2.46 times more than the shares offered.
NSDL Share Price in Grey Market (GMP)
In the grey market, NSDL shares are doing well.
The price in the unlisted market is about ₹135 more than the top offer price.
This shows that investors expect a 17% profit on listing.
On Tuesday, NSDL also raised ₹1,201 crore from anchor investors.
IPO Details
Last Date to Apply: August 1
Price Range: ₹760 to ₹800 per share
Listing Date: August 6 on BSE
Expected Allotment: August 4
This IPO is an Offer for Sale (OFS).
5.01 crore shares are being sold by:
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