NSDL IPO: Price band of Rs 760–800 takes investors by shock; over 20% below unlisted market peak

NSDL IPO: For its upcoming Initial Public Offering (IPO), the National Securities Depository Limited (NSDL) has set a value band of Rs 760–800 per share. The exact band has taken investors by shock since its at round a 22% low cost from its final traded worth within the unlisted market. Earlier this month, the inventory was round Rs 1,025 within the unlisted market.An ET report quoted UnlistedZone knowledge stating that the NSDL inventory had peaked at Rs 1,275 in June 2025.The Rs 4,011.6 crore challenge, which opens for subscription on July 30 and closes on August 1, might be completely a suggestion on the market (OFS) of as much as 5.01 crore shares. Anchor bidding is scheduled for July 29. Existing shareholders together with IDBI Bank, NSE, Union Bank of India, SBI, HDFC Bank, and SUUTI will offload their stakes by way of the IPO. IDBI Bank is promoting 2.22 crore shares and NSE is providing 1.8 crore shares.NSDL is focusing on a valuation of roughly Rs 16,000 crore by way of the IPO. Retail investors might want to make investments Rs 14,400 for one lot comprising 18 shares. The firm had earlier filed its draft crimson herring prospectus (DRHP) in July 2023 and revised the difficulty measurement to five.01 crore shares from 5.72 crore shares in May 2025.According to the ET report, the steep low cost to its unlisted market value has drawn parallels with the current HDB Financial Services’ IPO. That was priced at Rs 700–740 per share—about 40% decrease than its unlisted market value of Rs 1,225! HDB Financial listed at Rs 835 per share on July 2, delivering a 12.8% itemizing acquire over the difficulty value. But those that had purchased HDB shares within the unlisted market noticed losses.NSDL shares are presently buying and selling at a gray market premium (GMP) of Rs 145–155, indicating a attainable itemizing acquire of round 18% over the higher value band, the report mentioned.. The IPO values NSDL at a price-to-earnings (P/E) ratio of 46.6, in comparison with listed peer CDSL, which trades at a P/E of 66.6.For Q3 FY25, NSDL reported a consolidated web revenue of Rs 85.8 crore, up 29.8% year-on-year, whereas complete revenue rose 16.2% to Rs 391.2 crore. The allotment of shares is anticipated on August 4, with a possible itemizing on August 6.(Disclaimer: Recommendations and views on the inventory market and different asset lessons given by consultants are their very own. These opinions don’t symbolize the views of The Times of India)