NSDL IPO Allotment Status LIVE: Allotment Likely Today – GMP, Subscription Details, Key Dates, and How to Check

The highly anticipated IPO of National Securities Depository Limited (NSDL), valued at ₹4,011 crore, is nearing its allotment stage. Investors are keenly awaiting the finalization of allotment, which is expected today, August 4. The IPO, open between July 29 and August 1, garnered an exceptional response across all categories.

Analyst Views: Strong ‘Subscribe’ Ratings

Ajcon Global and Angel One have both issued a ‘Subscribe’ recommendation, citing NSDL’s dominance in India’s depository ecosystem and its robust financial fundamentals.

“NSDL is India’s first and leading depository. With a strong institutional base, recurring revenues, and expanding digital infrastructure, it holds long-term investment potential,” said Angel One in its research note.

At the upper band of ₹800 per share, the IPO is priced at a P/E of 46.62x, based on its FY25 projected earnings per share (EPS) of ₹17.16.

Subscription Breakdown

The NSDL IPO witnessed an overall subscription of 41 times, reflecting strong investor confidence.

Based on the oversubscription, approximately 1 in 8 retail investors is expected to receive share allotment.

Grey Market Premium (GMP) Update

As per Investorgain data at 6:34 PM on August 4, the latest GMP for NSDL IPO is ₹126. This implies an expected listing price of ₹926, marking a potential gain of 15.75% over the issue price.

How to Check NSDL IPO Allotment Status

You can check your allotment status through any of the following methods:

1. Via Registrar – Kfin Technologies

• Visit: Kfin IPO Allotment Portal

• Select ‘NSDL’ from the dropdown menu

• Enter your PAN, Application Number, or DP ID

• Click Submit to view your status

2. Via BSE (Bombay Stock Exchange)

• Go to: BSE IPO Status Check

• Navigate to: Investors > Status of Issue Application

• Select ‘Equity’ as Issue Type

• Enter PAN and Issue Name (NSDL)

• Click Search

3. Via NSE (National Stock Exchange)

• Visit: NSE IPO Allotment Page

• Choose ‘NSDL’ under Equity IPO

• Enter PAN or Application Number

• Click Submit

NSDL vs CDSL: Market Position & Business Focus

NSDL commands a larger share of institutional holdings, while CDSL leads in number of accounts. NSDL’s revenue-per-account is higher due to its focus on mutual funds, FIIs, and pension funds.

Financial Performance & Valuation

• PAT CAGR (FY23–FY25): 20%

• Return on Equity (ROE): 17%

• Strong free cash flows and operating efficiency

• Expected Market Cap on Listing: ~₹16,000 crore

Despite being a 100% Offer for Sale (OFS) with no fresh capital infusion, analysts find the valuation reasonable compared to peer CDSL, given NSDL’s stable earnings and infrastructure leadership.

Key IPO Milestones