NSDL was officially listed on August 6 with a premium of 15 per cent. On the first day of its listing, the share price rose by 15 per cent to trade at Rs 920 on the exchange.
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The company is evaluated at Rs 18,249 crore on the BSE. Today, NSDL's share price opened at Rs 934.95, lower than the previous day's closing at Rs 936. By the end of the market session, NSDL closed at Rs 1,123.20, giving a 20% upside and an overall return of 40% to the investors.
The initial public offer (IPO) of National Securities Depository Ltd (NSDL) received 41 times subscription on the closing day of bidding. NSDL is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India.
ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets & Securities, Motilal Oswal Investment Advisors, and SBI Capital Markets are the book-running lead managers to the issue.
NSDL and CDSL are the country’s two central securities depositories, which are like digital vaults where securities like shares, bonds, and mutual funds are held in an electronic format.
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