NSDL Share Price Live Updates: Management aims to improve market share in number of accounts

NSDL Share Price Live Updates: Shares of Securities Depository Ltd. made their stock market debut on Wednesday, August 6, at a 10% premium to its issue price of ₹800 per share. The stock listed at ₹880 and is building on to those gains. NSDL has become the second depository service provider to be listed on the exchanges after its peer Central Depository Services Ltd. (CDSL). Watch this space for all the live updates.

NSDL Share Price Live Updates: Shares of Securities Depository Ltd. made their stock market debut on Wednesday, August 6, at a 10% premium to its issue price of ₹800 per share. The stock listed at ₹880 and is building on to those gains. NSDL has become the second depository service provider to be listed on the exchanges after its peer Central Depository Services Ltd. (CDSL). The ₹4,011 crore IPO of NSDL resulted in healthy subscription figures, with institutional and retail investors both placing their bets on the company's prospects. The three-day issue was subscribed 41 times the total number of shares on offer, getting bids worth over ₹1.1 lakh crore from investors. Institutions led the charge, placing bids for nearly 104 times the total number of shares on offer for them. The portion reserved for non-institutional investors was subscribed 35 times, while the portion for retail investors was also subscribed eight times the total number of shares on offer. NSDL sold shares at ₹800 apiece and premiums in the unlisted market are suggesting that the listing may happen 17% higher than the issue price. Watch this space for all the live updates.