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Economic Times
7 hours ago
- Business
- Economic Times
CDSL shares under pressure, slide 3% ahead of NSDL IPO launch on July 30
Shares of Central Depository Services (India) Ltd (CDSL) fell by nearly 3% on Thursday to hit an intraday low of Rs 1,630.40 apiece on the NSE, as investor attention shifted towards the upcoming initial public offering (IPO) of its rival, National Securities Depository Limited (NSDL). ADVERTISEMENT The two companies operate as the only depositories in India and are direct competitors in the capital market infrastructure space. The dip in CDSL's stock comes just days ahead of NSDL's IPO, which is set to open for public subscription between July 30 and August 1. Bidding for anchor investors will take place on July 29. NSDL's IPO has generated strong interest in the grey market, where its shares are trading at a premium of Rs 145–Rs 155, implying a potential listing gain of around 18.13% over the upper end of the price company has fixed its price band between Rs 760 and Rs 800 per share, with a lot size of 18 shares, requiring a minimum investment of Rs 14,400 for retail investors. The total issue size is estimated at Rs 4,011.6 crore. The IPO will be a complete offer for sale (OFS) of up to 5.01 crore equity shares by existing shareholders, including IDBI Bank, NSE, Union Bank of India, SBI, HDFC Bank, and SUUTI. ADVERTISEMENT NSDL will not receive any proceeds from the offering as the issue is entirely an offer for sale. As per the offer document, IDBI Bank will sell 2.22 crore shares, NSE will offload 1.8 crore shares, and Union Bank will sell 5 lakh is aiming for a valuation of Rs 16,000 crore through the public issue. The company had initially filed its Draft Red Herring Prospectus (DRHP) with Sebi in July 2023, and later filed an addendum in May 2025, trimming the issue size from 5.72 crore shares to 5.01 crore shares. ADVERTISEMENT Also read: Kellton Tech, RIR Power Electronics to trade ex-split on Friday. Do you own? Over the past year, shares of Central Depository have gained 37.45%. In the last six months, the stock has risen 9.19%, while it has delivered a 19.8% return over the past three months. However, on a one-month basis, the stock has declined by 6.31%. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
10 hours ago
- Business
- Economic Times
NSDL IPO set to open on July 30, price band fixed at Rs 760-800. Check GMP ahead of issue, other details
NSDL IPO: NSDL shares are trading at a strong grey market premium (GMP) of 18.13%, or ₹145–₹155, ahead of its IPO set to open on July 30. NSDL IPO: NSDL revealed the price band for its IPO, setting it at ₹760–₹800 per share. The lot size is 18 shares, requiring a minimum investment of ₹14,400 for retail investors. The total issue size is estimated at ₹4,011.6 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The shares of National Securities Depository Limited (NSDL) are trading at a healthy grey market premium (GMP) of 18.13% or Rs 145-155 ahead of its initial public offering ( IPO ), opening on July today, NSDL announced the price band for the issue. The depository has fixed the price band at Rs 760–800 per share, with a lot size of 18 shares, amounting to a minimum investment of Rs 14,400 for retail investors. The total size of the issue is estimated at Rs 4,011.6 refers to the premium at which shares of an upcoming IPO are traded in the unofficial grey market before their official listing on the stock exchange. It indicates the difference between the IPO price and the price at which the shares are being bought or sold unofficially.A positive GMP indicates strong investor demand and the potential for listing gains, while a negative GMP suggests weak sentiment. Though commonly tracked by investors, GMP is speculative and not regulated by any IPO will consist solely of an Offer for Sale (OFS) of up to 5.01 crore equity shares by existing shareholders, which include IDBI Bank , NSE, Union Bank of India HDFC Bank , and SUUTI. NSDL will not receive any proceeds from the Bank is selling about 2.22 crore shares, NSE is selling 1.8 crore shares, while Union Bank is offloading 5 lakh shares in the is targeting a valuation of approximately Rs 16,000 crore through the IPO. The company initially filed its Draft Red Herring Prospectus (DRHP) with SEBI in July 2023 and later submitted an addendum in May 2025, reducing the issue size from 5.72 crore shares to 5.01 crore shares. NSDL IPO will open for public subscription on July 30 and close on August 1. Anchor investors can bid for the IPO on July 29. The allotment of shares will likely take place on August 4, with the listing tentatively scheduled for August a slowdown in primary market activity due to the broader market correction, NSDL's financial performance remains robust. In Q3 FY25, the company reported a 29.82% year-on-year increase in consolidated net profit to Rs 85.8 crore, while total income rose by 16.2% to Rs 391.21 crore.
Time of India
10 hours ago
- Business
- Time of India
CDSL shares under pressure, slide 3% ahead of NSDL IPO launch on July 30
Live Events CDSL share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Central Depository Services (India) Ltd ( CDSL ) fell by nearly 3% on Thursday to hit an intraday low of Rs 1,630.40 apiece on the NSE, as investor attention shifted towards the upcoming initial public offering (IPO) of its rival, National Securities Depository Limited (NSDL).The two companies operate as the only depositories in India and are direct competitors in the capital market infrastructure dip in CDSL's stock comes just days ahead of NSDL's IPO, which is set to open for public subscription between July 30 and August 1. Bidding for anchor investors will take place on July IPO has generated strong interest in the grey market, where its shares are trading at a premium of Rs 145–Rs 155, implying a potential listing gain of around 18.13% over the upper end of the price company has fixed its price band between Rs 760 and Rs 800 per share, with a lot size of 18 shares, requiring a minimum investment of Rs 14,400 for retail investors. The total issue size is estimated at Rs 4,011.6 IPO will be a complete offer for sale (OFS) of up to 5.01 crore equity shares by existing shareholders, including IDBI Bank , NSE, Union Bank of India HDFC Bank , and will not receive any proceeds from the offering as the issue is entirely an offer for sale. As per the offer document, IDBI Bank will sell 2.22 crore shares, NSE will offload 1.8 crore shares, and Union Bank will sell 5 lakh is aiming for a valuation of Rs 16,000 crore through the public issue. The company had initially filed its Draft Red Herring Prospectus (DRHP) with Sebi in July 2023, and later filed an addendum in May 2025, trimming the issue size from 5.72 crore shares to 5.01 crore the past year, shares of Central Depository have gained 37.45%. In the last six months, the stock has risen 9.19%, while it has delivered a 19.8% return over the past three months. However, on a one-month basis, the stock has declined by 6.31%.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
10 hours ago
- Business
- Time of India
NSDL IPO set to open on July 30, price band fixed at Rs 760-800. Check GMP ahead of issue, other details
The shares of National Securities Depository Limited (NSDL) are trading at a healthy grey market premium (GMP) of 18.13% or Rs 145-155 ahead of its initial public offering ( IPO ), opening on July 30. Earlier today, NSDL announced the price band for the issue. The depository has fixed the price band at Rs 760–800 per share, with a lot size of 18 shares, amounting to a minimum investment of Rs 14,400 for retail investors. The total size of the issue is estimated at Rs 4,011.6 crore. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM Product Management Public Policy Artificial Intelligence Technology Data Analytics Digital Marketing Degree others Project Management CXO Management Cybersecurity MBA Data Science Finance MCA Operations Management Data Science Others Healthcare healthcare Design Thinking Leadership Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details GMP refers to the premium at which shares of an upcoming IPO are traded in the unofficial grey market before their official listing on the stock exchange. It indicates the difference between the IPO price and the price at which the shares are being bought or sold unofficially. A positive GMP indicates strong investor demand and the potential for listing gains, while a negative GMP suggests weak sentiment. Though commonly tracked by investors, GMP is speculative and not regulated by any authority. The IPO will consist solely of an Offer for Sale (OFS) of up to 5.01 crore equity shares by existing shareholders, which include IDBI Bank , NSE, Union Bank of India , SBI , HDFC Bank , and SUUTI. NSDL will not receive any proceeds from the issue. IDBI Bank is selling about 2.22 crore shares, NSE is selling 1.8 crore shares, while Union Bank is offloading 5 lakh shares in the IPO. NSDL is targeting a valuation of approximately Rs 16,000 crore through the IPO. The company initially filed its Draft Red Herring Prospectus (DRHP) with SEBI in July 2023 and later submitted an addendum in May 2025, reducing the issue size from 5.72 crore shares to 5.01 crore shares. Also read: Shanti Gold Int'l raises Rs 108 cr from anchor investors ahead of IPO NSDL IPO will open for public subscription on July 30 and close on August 1. Anchor investors can bid for the IPO on July 29. The allotment of shares will likely take place on August 4, with the listing tentatively scheduled for August 6. Despite a slowdown in primary market activity due to the broader market correction, NSDL's financial performance remains robust. In Q3 FY25, the company reported a 29.82% year-on-year increase in consolidated net profit to Rs 85.8 crore, while total income rose by 16.2% to Rs 391.21 crore.
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Business Standard
a day ago
- Business
- Business Standard
NSE's investor base surges ahead of anticipated IPO, driving mkt optimism
Anticipation of a long-awaited initial public offering (IPO) is driving a remarkable influx of retail investors into the National Stock Exchange (NSE). The exchange's public shareholder base has ballooned to 1.57 lakh as of June 2025, a dramatic four-fold increase since the end of March. Retail investors, defined as individuals holding nominal share capital up to ₹2 lakh, are leading this charge. Their numbers skyrocketed from approximately 34,000 in March to 1.46 lakh by June, boosting their collective stake in the country's largest exchange from 9.89 per cent to 11.81 per cent. This surge also follows a significant operational change: the activation of NSE's International Securities Identification Number (ISIN) on March 24. This unique global code has streamlined the share transfer process, slashing transaction times from months to just days. Market participants confirm shares are now freely transferable, with robust volumes from both buyers and sellers. "The pre-ISIN era involved cumbersome document compliance, limiting transactions," explained Abhay Doshi, Co-founder of UnlistedArena. "Since the stock was effectively 'defreezed,' we've seen robust investor demand significantly expanding the shareholder base. Growing clarity and progress on the IPO have further fueled this positive sentiment." The heightened demand has propelled NSE's unlisted share price to ₹2,225 apiece, valuing the exchange at approximately ₹5.5 trillion. This marks a substantial rise from around ₹1,600 at the start of the current financial year. "The rise underscores growing retail confidence in the exchange as a wealth creation opportunity," noted Uday Tardalkar, economist and market expert. "We're also seeing stake dilution from some long-term HNI holders." While retail ownership surged, the stake held by individual public shareholders owning over ₹2 lakh share capital dipped slightly to 9.52 per cent (from 9.64 per cent). Foreign ownership also declined by nearly one percentage point since March. IPO hopes have intensified following indications that the NSE is nearing a ₹1,388-crore settlement with the Securities and Exchange Board of India (Sebi) regarding long-pending co-location and dark fibre cases. Sources suggest Sebi could grant the crucial no-objection certificate (NOC) for filing the Draft Red Herring Prospectus (DRHP) within the next two months. "Strong investor demand for ownership creates a compelling case for listing," stated Mrugank Paranjape, Chairman of the IMC Task Force on Capital Markets and Managing Partner at MCQube. "Listing will enable better public price discovery, addressing the current lack of clarity on valuation." Among NSE's top shareholders are Life Insurance Corporation (LIC), SBI Capital Markets, Aranda Investments (Mauritius), State Bank of India (SBI), Canada Pension Plan Investment Board, and prominent investor Radhakishan Damani.
