National Securities Depository IPO
National Securities Depository Limited (NSDL) · mainboard IPO on NSE and BSE · 100% Book Building. NSE has no listing record for this issue: it may have listed on BSE only, or been withdrawn.
Issue details
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,00,12,000 | 1,04,09,16,654 | 104x | |
| NII (HNI) total | 75,09,001 | 26,26,81,758 | 35.0x | |
| Big NII (above ₹10 lakh) | 50,06,001 | 18,88,92,540 | 37.7x | |
| Small NII (₹2-10 lakh) | 25,03,000 | 7,37,89,218 | 29.5x | |
| Retail | 1,75,21,001 | 13,54,82,994 | 7.73x | |
| Employees | 85,000 | 13,10,598 | 15.4x | |
| Total | 3,51,27,002 | 1,44,03,92,004 | 41.0x |
Bids on NSE and BSE together, as published by NSE, as of 01 Aug 2025, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to National Securities Depository's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Belrise IndustriesMay 2025 | 108x | 38.3x | 4.27x | 41.3x | ₹2,276 Cr | +11.1% | +13.8% |
| India Shelter Finance CorporationDec 2023 | 89.7x | 28.5x | 9.95x | 36.7x | ₹1,261 Cr | +25.8% | +27.8% |
| Anthem BiosciencesJul 2025 | 183x | 42.4x | 5.64x | 63.9x | ₹3,584 Cr | +26.9% | +31.1% |
| Campus ActivewearApr 2022 | 152x | 22.3x | 7.68x | 51.8x | ₹1,400 Cr | +23.3% | +43.1% |
| Inventurus Knowledge SolutionsDec 2024 | 80.6x | 23.3x | 14.7x | 52.7x | ₹2,498 Cr | +43.0% | +52.8% |
| ZomatoJul 2021 | 51.8x | 33.0x | 7.45x | 38.3x | ₹9,899 Cr | +52.6% | +82.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Axis Capital | 107 | +20.4% | 73% |
| HSBC Securities and Capital Markets (India) | 15 | +8.3% | 87% |
| IDBI Capital Markets & Securities | 7 | +19.1% | 43% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
| SBI Capital Markets | 56 | +16.7% | 61% |
| HDFC Bank | 16 | +15.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the National Securities Depository IPO price band and lot size? ₹760–800 per share, with a lot of 18 shares, so the smallest retail bid is ₹14,400.
How many times has it been subscribed? 41.0x overall: QIB 104x, NII 35.0x, retail 7.73x, employees 15.4x.
