NSDL Shares Surge 6.56% on Second Trading Day, Nearing Rs 20,000 Crore Market Cap
By ScanX News Team
NSDL shares rose 6.56% to Rs 997.65 on BSE, approaching Rs 20,000 crore market cap. The stock outperformed the broader market, trading 5.3% higher while Sensex declined 0.3%. NSDL's IPO raised Rs 4,012 crore through an offer for sale. The company reappointed Praveen Kumar Gupta as Public Interest Director and Chairperson for three years. NSDL scheduled a board meeting for August 12 to approve Q1 FY26 results.
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National Securities Depository (NSDL) shares continued their upward momentum for the second consecutive session, showcasing strong investor interest in the recently listed company. The stock surged as much as 6.56% to reach Rs 997.65 on the Bombay Stock Exchange (BSE), approaching a significant milestone in market capitalization.
Market Performance
NSDL shares were trading 5.3% higher, bringing the company's market capitalization close to the Rs 20,000 crore mark. This impressive performance comes on the heels of NSDL's debut on Dalal Street, where it listed at a 10% premium over its initial public offering (IPO) price.
The stock's robust gains stood in contrast to the broader market sentiment, as the benchmark Sensex declined by 0.3% during the same trading session.
IPO Details
NSDL's IPO was structured entirely as an offer for sale, with existing shareholders divesting up to 5.01 crore equity shares. The offering generated Rs 4,012.00 crore for the selling shareholders, which included prominent institutions such as IDBI Bank, National Stock Exchange of India, and State Bank of India.
Prior to the public listing, NSDL had successfully raised Rs 1,201.44 crore from anchor investors. Notable participants in the anchor book included Life Insurance Corporation of India, Capital Group, and Fidelity, underscoring the strong institutional interest in the company.
Corporate Governance Update
NSDL announced the re-appointment of Mr. Praveen Kumar Gupta as Public Interest Director (PID) and Chairperson of the company's Governing Board. The Securities and Exchange Board of India (SEBI) has approved this re-appointment for a three-year term, effective from September 6, 2025.
Mr. Gupta, who has been associated with NSDL since September 6, 2022, brings over 40 years of experience in the banking industry to his role. His extensive background includes senior positions at State Bank of India and advisory roles in other financial institutions.
Upcoming Financial Results
NSDL has scheduled a Board of Directors meeting for August 12, 2025. The meeting agenda includes the consideration and approval of the company's unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.
In line with regulatory requirements, NSDL has announced the closure of the trading window for designated persons and their immediate relatives from August 6, 2025. The trading window will reopen 48 hours after the announcement of the financial results.
As NSDL continues to attract investor attention in its early days of public trading, market participants will be keenly watching the upcoming financial results and any strategic moves by the company in the depository services sector.
