on July 30, 2025 and closed on August 1, 2025. The price was fixed at Rs 800 per share.
Investors had to apply for a minimum of one lot, which includes 18 shares, meaning the minimum investment for a retail investor stood at Rs 13,680. For small non-institutional investors (sNII), the minimum investment was Rs 2,01,600 (252 shares or 14 lots), while large non-institutional investors (bNII) had to invest at least Rs 10,08,000 (1,260 shares or 70 lots).
NSDL IPO was subscribed 41.02 times overall. The quota for Qualified Institutional Buyers (QIBs) was subscribed 103.97 times. Non-Institutional Investors (NIIs) subscribed 34.98 times and the retail portion saw 7.76 times subscription.
HOW TO CHECK NSDL IPO ALLOTMENT STATUS
Investors who applied for NSDL shares can check their allotment status either on the BSE website or the website of the registrar, MUFG Intime India Private Limited (Link Intime).
On the BSE website:
Go to the BSE IPO allotment page
Choose the 'Equity' option.
Select 'National Securities Depository Limited' from the list.
Enter your application number and PAN.
Enter the captcha code and click 'Search' to view your status.
On Link Intime website:
Visit the Link Intime allotment page
Select 'National Securities Depository Limited' from the dropdown menu.
Choose one of the three options - Application Number, Demat Account Number, or PAN.
Enter the relevant details and captcha code.
Click 'Submit' to see your allotment.
GREY MARKET PREMIUM (GMP)
As of the morning of August 4, the grey market premium (GMP) for NSDL IPO stood at Rs 120. This suggests an estimated listing price of Rs 920 (offer price of Rs 800 plus Rs 120 GMP). Based on this, investors may see a listing gain of about 15%.
However, the GMP has slightly come down in the last few days, signalling some softening in grey market interest.
Once the allotment is finalised, shares will be credited to the demat accounts of successful bidders by Tuesday, August 5. Refunds to those who did not get shares will be processed around the same time.
NSDL stock is expected to list on the Bombay Stock Exchange (BSE) on Wednesday, August 6, 2025. Investors will be watching the listing closely to see if the GMP reflects actual market demand.