Latest news with #NSDL
India Today
9 minutes ago
- Business
- India Today
NSDL vs M&B Engineering vs Sri Lotus : Which one shows the best listing gains?
Three companies, National Securities Depository Ltd (NSDL), M&B Engineering, and Sri Lotus Developers & Realty opened their initial public offerings (IPOs) for public subscription on July 30, 2025, and will close the bidding process on August 1, all three IPOs have seen investor interest, one of them appears to offer the highest possible listing gains based on current grey market premium (GMP) a closer look at how each IPO is doing and which one could potentially give better returns after listing on the stock IPO GMP AND SUBSCRIPTION The NSDL IPO has attracted solid attention from all types of investors. As of 2:20 PM on July 31, the issue was subscribed 4.08 times overall. Among the investor categories, Qualified Institutional Buyers (QIBs) bid 1.85 times, Non-Institutional Investors (NIIs) subscribed 8.22 times, while Retail Individual Investors (RIIs) applied for 3.57 times the shares on IPO price band is set at Rs 760 to Rs 800 per share. The minimum investment for retail investors is Rs 13,680 for a lot of 18 to the latest GMP data, the NSDL IPO is trading at a premium of Rs 131, suggesting a possible listing price of Rs 931. This translates to an estimated gain of 16.38% per share if listed at this price.M&B ENGINEERING IPO GMP AND SUBSCRIPTIONM&B Engineering's IPO has so far received moderate interest, with an overall subscription of 1.02 times. The issue has seen no participation from QIBs, but RIIs have subscribed 3.12 times, and NIIs 1.65 price band for the IPO is set between Rs 366 to Rs 385, with the cap price used for GMP calculations. A retail investor would need at least Rs 13,908 for one lot of 38 per the latest GMP of Rs 55, M&B Engineering's shares may list at Rs 440, indicating a 14.29% expected gain per LOTUS DEVELOPERS IPO GMP AND SUBSCRIPTIONSri Lotus Developers & Realty has emerged as a strong contender based on both subscription figures and the latest count, the IPO has been subscribed 3.60 times overall. The QIB portion is booked 3.53 times, NII 5.52 times, and RII 2.82 IPO is priced at Rs 150 per share, and investors need to apply for a minimum of 100 shares, meaning a retail investment of Rs 14, GMP stands at Rs 42, taking the expected listing price to Rs 192 per share. This offers the highest potential listing gain among the three, around 28% per The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
Hans India
3 hours ago
- Business
- Hans India
NSDL IPO Sees Strong Demand on Day 2
The NSDL IPO is getting a lot of interest from investors. On Day 2, the IPO is mostly being filled by retail buyers and non-institutional investors (NII). 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:
Economic Times
4 hours ago
- Business
- Economic Times
CDSL shares slide 13% in one week as NSDL IPO picks pace
Shares of Central Depository Services (India) Ltd have slumped more than 13% over the past week, including a 1.8% dip on Thursday, as investor attention turns to the highly anticipated initial public offering of rival National Securities Depository Ltd. With NSDL's IPO opening this week to strong institutional demand, investors appear to be re-evaluating CDSL's premium valuation in light of its larger competitor's public market debut. ADVERTISEMENT India's securities market is witnessing a shift in sentiment as NSDL, the country's first and largest depository, prepares to list on the stock exchanges. Its IPO, which opened on Wednesday, July 30, has already garnered strong institutional interest. Anchor investors subscribed to Rs 1,201 crore worth of shares ahead of the public offering, with grey market activity indicating a listing premium of 15–18%. NSDL, incorporated in 1996, has long held a dominant position in institutional custody and infrastructure services. While CDSL gained prominence during the post-pandemic retail investing surge, NSDL's strengths lie in scale, institutional depth, and infrastructure. 'NSDL presents a compelling IPO opportunity, underpinned by its market leadership, robust technology-driven infrastructure, and stable recurring revenue model. With dominant market share and diversified asset coverage, it's well-positioned for long-term growth,' said Saurabh Jain, Equity Head at SMC Global rapid ascent since its 2017 listing at Rs 125 was fuelled by a retail investing boom, particularly in the wake of the COVID-19 pandemic. The stock has returned 165% over three years and is up 21.6% in the last 12 months. But that momentum appears to be tapering off. ADVERTISEMENT On Monday, July 28, shares fell 4% after the company reported a 23.7% year-on-year decline in consolidated net profit to Rs 102.40 crore for Q1 FY26. Revenue from operations rose only marginally by 0.55% YoY to Rs 258.81 crore. Sequentially, net profit was up 2% from Q4 demat account growth now stabilising, investor focus is shifting from topline expansion to profitability, operational leverage, and infrastructure scale, areas where NSDL holds a definitive lead. ADVERTISEMENT Vaibhav Vidwani, Research Analyst at Bonanza, said that 'CDSL, India's only listed depository, currently holds a market cap of around Rs 32,000 crore. In contrast, NSDL's upcoming IPO is expected to value it at roughly Rs 16,000 crore — a notable discount considering NSDL's much larger scale across key metrics.'As of FY25, NSDL holds securities worth Rs 464 trillion, roughly 6.5 times CDSL's Rs 71 trillion. It also leads in the number of non-retail investor accounts, with over 10.47 lakh such accounts compared to CDSL's 2.17 lakh. While CDSL has the edge in retail demat accounts, Vidwani noted that NSDL earns nearly three times more revenue per investor, an indicator of its superior operational efficiency. ADVERTISEMENT Vidwani pointed out that NSDL is also the preferred platform for companies looking to hold shares in dematerialised form. As of FY23, around 40,897 companies were linked to NSDL, nearly double the 20,323 associated with CDSL. This suggests NSDL plays a deeper role in the country's capital market CDSL's growth has been driven by rising retail participation in recent years, NSDL's strength lies in institutional flows and its dominance in the F&O segment. Vidwani said this contrast in business models explains the current valuation gap and reflects investor confidence in NSDL's long-term growth prospects. ADVERTISEMENT While NSDL's IPO is drawing comparisons to CDSL's multifold rally post-2017, analysts caution against viewing it as a repeat of the same growth cycle.'After COVID, many retail investors started investing in the market, which helped CDSL grow quickly. This led to a big jump in new accounts, especially in FY22. But in FY23, this growth slowed down. As retail growth starts to settle, the market may start focusing more on core strengths like how much money each investor brings in and how strong a company is with big institutional clients. In these areas, NSDL is stronger, which makes it attractive in the long run,' Vidwani the top end of its IPO price band (Rs 800), NSDL is valued at around 47 times FY25 earnings, a discount to CDSL's current price-to-earnings ratio of over 70. The IPO is a pure offer-for-sale and does not involve fresh capital long-term investors seeking exposure to India's capital market backbone, particularly those aligned with infrastructure-led growth over retail momentum, NSDL may be worth a closer look. Meanwhile, CDSL may face short-term pressure as investors reassess valuation premiums in the evolving competitive landscape. Also read | Missed CDSL's 1,100% rally? NSDL IPO could be your second chance (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)
Time of India
4 hours ago
- Business
- Time of India
CDSL shares slide 13% in one week as NSDL IPO picks pace
Shares of Central Depository Services (India) Ltd have slumped more than 13% over the past week, including a 1.8% dip on Thursday, as investor attention turns to the highly anticipated initial public offering of rival National Securities Depository Ltd. With NSDL's IPO opening this week to strong institutional demand, investors appear to be re-evaluating CDSL's premium valuation in light of its larger competitor's public market debut. India's securities market is witnessing a shift in sentiment as NSDL, the country's first and largest depository, prepares to list on the stock exchanges. Its IPO, which opened on Wednesday, July 30, has already garnered strong institutional interest. Anchor investors subscribed to Rs 1,201 crore worth of shares ahead of the public offering, with grey market activity indicating a listing premium of 15–18%. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Healthcare Design Thinking MBA Operations Management Artificial Intelligence Cybersecurity Public Policy Data Analytics Leadership Data Science Management Product Management MCA Others CXO others Technology Degree Finance Data Science Project Management Digital Marketing PGDM Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details NSDL, incorporated in 1996, has long held a dominant position in institutional custody and infrastructure services. While CDSL gained prominence during the post-pandemic retail investing surge, NSDL's strengths lie in scale, institutional depth, and infrastructure. 'NSDL presents a compelling IPO opportunity, underpinned by its market leadership, robust technology-driven infrastructure, and stable recurring revenue model. With dominant market share and diversified asset coverage, it's well-positioned for long-term growth,' said Saurabh Jain, Equity Head at SMC Global Securities . CDSL's rally cools as retail growth fades Live Events CDSL's rapid ascent since its 2017 listing at Rs 125 was fuelled by a retail investing boom, particularly in the wake of the COVID-19 pandemic. The stock has returned 165% over three years and is up 21.6% in the last 12 months. But that momentum appears to be tapering off. On Monday, July 28, shares fell 4% after the company reported a 23.7% year-on-year decline in consolidated net profit to Rs 102.40 crore for Q1 FY26. Revenue from operations rose only marginally by 0.55% YoY to Rs 258.81 crore. Sequentially, net profit was up 2% from Q4 FY25. With demat account growth now stabilising, investor focus is shifting from topline expansion to profitability, operational leverage, and infrastructure scale, areas where NSDL holds a definitive lead. Valuation gap Vaibhav Vidwani, Research Analyst at Bonanza, said that 'CDSL, India's only listed depository, currently holds a market cap of around Rs 32,000 crore. In contrast, NSDL's upcoming IPO is expected to value it at roughly Rs 16,000 crore — a notable discount considering NSDL's much larger scale across key metrics.' As of FY25, NSDL holds securities worth Rs 464 trillion, roughly 6.5 times CDSL's Rs 71 trillion. It also leads in the number of non-retail investor accounts, with over 10.47 lakh such accounts compared to CDSL's 2.17 lakh. While CDSL has the edge in retail demat accounts, Vidwani noted that NSDL earns nearly three times more revenue per investor, an indicator of its superior operational efficiency. Vidwani pointed out that NSDL is also the preferred platform for companies looking to hold shares in dematerialised form. As of FY23, around 40,897 companies were linked to NSDL, nearly double the 20,323 associated with CDSL. This suggests NSDL plays a deeper role in the country's capital market infrastructure. While CDSL's growth has been driven by rising retail participation in recent years, NSDL's strength lies in institutional flows and its dominance in the F&O segment. Vidwani said this contrast in business models explains the current valuation gap and reflects investor confidence in NSDL's long-term growth prospects. NSDL offers scale, not fireworks While NSDL's IPO is drawing comparisons to CDSL's multifold rally post-2017, analysts caution against viewing it as a repeat of the same growth cycle. 'After COVID, many retail investors started investing in the market, which helped CDSL grow quickly. This led to a big jump in new accounts, especially in FY22. But in FY23, this growth slowed down. As retail growth starts to settle, the market may start focusing more on core strengths like how much money each investor brings in and how strong a company is with big institutional clients. In these areas, NSDL is stronger, which makes it attractive in the long run,' Vidwani noted. At the top end of its IPO price band (Rs 800), NSDL is valued at around 47 times FY25 earnings, a discount to CDSL's current price-to-earnings ratio of over 70. The IPO is a pure offer-for-sale and does not involve fresh capital infusion. For long-term investors seeking exposure to India's capital market backbone, particularly those aligned with infrastructure-led growth over retail momentum, NSDL may be worth a closer look. Meanwhile, CDSL may face short-term pressure as investors reassess valuation premiums in the evolving competitive landscape. Also read | Missed CDSL's 1,100% rally? NSDL IPO could be your second chance ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
4 hours ago
- Business
- Business Standard
NSDL IPO GMP steady at 17% despite market crash on Trump tariffs
NSDL IPO GMP today: The grey market premium for the unlisted shares of National Securities Depository Limited (NSDL), the country's largest depository, remained steady on Thursday, July 31, despite a broader market crash triggered by US President Donald Trump's announcement of a 25 per cent trade tariff on Indian exports. NSDL launched its Initial Public Offering (IPO) on July 30, which has received a favorable response from investors. As of now, the issue has been oversubscribed nearly three times. According to sources tracking grey market activity, NSDL shares were exchanging hands at around ₹935–₹937 per share. This reflects a grey market premium (GMP) of ₹135–₹137, or approximately 16.88 per cent - 17.12 per cent, over the upper end of the IPO price band. Notably, this trading range is consistent with the levels seen on July 30, the day the IPO was launched. NSDL IPO details NSDL IPO consists entirely of an Offer for Sale (OFS) with shareholders divesting a total of 50.14 million equity shares, worth nearly ₹4,011.60 crore. The public offering is being offered at a price band of ₹760 to ₹800 per share, with a lot size of 18 shares. As the public issue is an OFS, NSDL will not receive any proceeds from it; the funds raised through the offering will go to the existing shareholders who are divesting part of their stakes. The NSDL IPO is set to close for subscription on August 1. Following the close of the subscription window, the basis of allotment for NSDL IPO shares is likely to be finalised on August 4, while shares will be credited into demat accounts by August 5. Shares of NSDL are slated to list on the BSE and NSE tentatively on August 6. NSDL IPO subscription status The public offering continues to receive high demand among investors, having garnered bids for 10,07,40,690 shares against 3,51,27,002 shares on offer till 12:55 PM on July 31, according to NSE data. This translates to an oversubscription of 2.87 times. Among investor categories, non-institutional investors (NIIs) led the demand, with the category reserved for them subscribed 5.27 times. This was followed by retail investors, who oversubscribed 2.85 times the portion reserved for them. Participation from qualified institutional buyers (QIBs) has been lowest, yet they oversubscribed to the category reserved for them by 1.08 times. NSDL IPO review About National Securities Depository Limited (NSDL) National Securities Depository Limited (NSDL), established in 1996, is India's first and largest central securities depository and a critical infrastructure institution for electronic securities settlement and custody in the capital markets. NSDL is promoted by major Indian financial institutions, including the National Stock Exchange (NSE), IDBI Bank, and UTI. As of June 30, 2025, NSDL reports managing ₹510.91 lakh crore in assets under custody, serving over 4 crore demat accounts through 289 depository participants, and operating 65,983 service centres nationwide.
