By Admin 
NSDL IPO: The IPO of India’s first and largest depository National Securities Depository Limited (NSDL) has opened from today. For investment in this, bids can be made by August 1. This issue is completely offer for sale (offs). That is, the money coming through it will not have the company, but will go to the pocket of the existing shareholders selling its stake.
The IPO consists of 5.01 crore equity shares. That is, shareholders like NSE, SBI, HDFC Bank, IDBI Bank and Union Bank of India are coming out of the company by selling 5.01 crore equity shares. A lot of NSDL IPO has 18 equity shares and the minimum investment amount for investors is Rs 14,400. NSDL’s listing in BSE is likely to be on August 6.
IPO is making a splash in the gray market
The price band for IPO has been fixed at Rs 760 to Rs 800 per share. Before opening, this IPO is blowing smoke in the gray market. NSDL IPO’s GMP in unlisted market is Rs 126. That is, before opening, the price of NSDL shares in the gray market was trading at a premium of 126. Keeping in mind the current premium in the upper price band and gray market of the IPO, the estimated listing price of NSDL shares has been stated to be Rs 926 per share, which is 15.75 % more than the IPO price of Rs 800.
What does the company do?
NSDL is the country’s first depository and demat account service, which was launched in 1996. The company provides its depository services for assets like equity, date, mutual funds, reits, invits, AIFs. Its demat account holders are spread over more than 99 percent PIN code and 186 countries around the world. NSDL has made it easy for investors to invest and manage shares in the financial system by facilitating the shares as a demat and transferring them.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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