NSDL IPO: The most discussion among investors in the Indian stock market is about NSDL’s IPO at this time. This much awaited issue of National Securities Depository Limited (NSDL) will open on July 30, but before that it has been made to get a bang in the gray market.
NSDL shares in non-government market ie gray market are being traded at a premium of ₹ 136 to ₹ 138 per share. That is, up to 17% listing gains are being expected – which is a clear indication that there is tremendous positivity in the market about this IPO.
This issue will be completely offer for sale (offs), that is, the company will not issue any new shares itself. Through this, the current shareholders will reduce their stake.
Brokerage firm Anand Rathi has rated NSDL “subscribe”. According to him, the company’s valuation is done at 46.6x P/E with a market cap of ₹ 1.6 lakh crore, which can be considered appropriate in terms of current market trend.
At the same time, research analyst of Invasset PMS Kalp Jain believes that it can give a possible listing gain to IPO investors up to 17%. Although he has identified the Karvy controversy and competition from CDSL as a risk, but at the same time described NSDL’s brand value, profit stability and market position as a strong side.
This IPO is managed by well-known financial companies of the country:
NSDL, established in 1996, is India’s first and largest depository company. It works to keep investors’ shares in electronic form and make their transfer easier.
Its strong institutional investors, Clear Regulatory Track Records and Requying Revenue models not only make it a strong financial institution, but also the backbone of the Indian capital market.
If you want a short term profit in the IPO, then the movement of the gray market is increasing. At the same time, NSDL’s strong fundamental for long term makes it a stable investment option.
But remember: Gray market premium may be promising, but it is an informal indicator. Always take the final decision on the basis of self -research and risk understanding.
NSDL’s IPO is not just an investment opportunity, but an indication – that India’s financial infrastructure is now ready to live up to investors. Now it has to be seen whether this premium really comes as a profit on the list of August 6 or just a hope.