NSDL Shares Soar 13% Above Issue Price on BSE Debut

National Securities Depository Ltd. (NSDL) made a strong debut on the Bombay Stock Exchange (BSE) today, with its shares opening at a premium and continuing to rise throughout the trading session.

Strong Market Opening

NSDL shares commenced trading at Rs 880.00, marking a robust 10% premium over the initial public offering (IPO) issue price of Rs 800.00. The positive momentum continued as the stock climbed further to Rs 911.00, representing a significant 13.88% gain from the issue price and a 3.52% increase from the opening price.

IPO Details

The NSDL IPO was structured entirely as an offer for sale (OFS), with existing shareholders offloading up to 5.01 crore equity shares. Key selling shareholders included:

• IDBI Bank
• National Stock Exchange of India
• State Bank of India

The offer was expected to raise up to Rs 4,012.00 crore, highlighting strong investor interest in the depository services provider.

Anchor Investors

Prior to the public offering, NSDL successfully raised Rs 1,201.44 crore from anchor investors. Some of the prominent participants in the anchor book included:

• Life Insurance Corporation of India
• Capital Group
• Fidelity

This strong backing from institutional investors likely contributed to the positive market sentiment surrounding the NSDL listing.

Listing Details

It's worth noting that the NSDL shares are currently listed exclusively on the BSE. The IPO concluded on Friday, paving the way for today's listing.

The strong debut of NSDL shares reflects investor confidence in the company's business model and growth prospects in the depository services sector. As one of India's leading depositories, NSDL plays a crucial role in the country's securities market infrastructure.

Investors and market participants will be closely watching NSDL's performance in the coming days as it establishes itself in the public market.