The NSDL IPO is among the most anticipated offerings of 2025, with a likely listing on both NSE and BSE in July. National Securities Depository Limited (NSDL), India’s first and oldest depository, is launching a pure Offer For Sale (OFS) IPO. It will offer 50.15 million shares, scaled down from 57.26 million. The total issue size is expected to raise around ₹3,420–₹3,430 crore for selling stakeholders.
The IPO is being launched to meet SEBI’s regulation that requires Market Infrastructure Institutions (MIIs) to reduce promoter holdings and be listed by July 31, 2025. Key sellers in this offer include major institutions such as IDBI Bank, NSE, SBI, HDFC Bank, Union Bank, and SUUTI, among others. No fresh equity will be issued in the IPO, so the proceeds will go directly to these selling shareholders.
The face value of the shares is ₹2 each, while the price band and lot size are yet to be disclosed in the official Red Herring Prospectus (RHP). The issue is being managed by leading investment banks including ICICI Securities, Axis Capital, HSBC, IDBI Capital, SBI Capital, and Motilal Oswal. The IPO registrar is MUFG Intime India, formerly known as Link Intime.
In the quarter ending March 2025, NSDL reported ₹394 crore in revenue and ₹83.3 crore in net profit, reflecting stable business growth. Despite a recent drop of nearly 20% in its unlisted share price (from ₹1,275 to ₹1,025), the company remains financially sound. The NSDL IPO is seen as a strategic milestone for NSDL’s public market presence and long-term growth.
The GMP rates mentioned here are for informational purposes only. We neither trade nor deal in the grey market (including subject-to rates), nor do we recommend participating in grey market activities.
NSDL IPO GMP Trend
GMP Table
Real-time IPO Grey Market Premium tracking
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| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Estimated Profit* | Last Updated | Actions |
|---|
IPO grey market premium (GMP) IN (Q&A)
- What is IPO Grey Market Premium (GMP)?
- GMP is the premium at which IPO shares are being bought or sold in the unofficial grey market before the stock is officially listed on the exchange. It reflects the market’s sentiment about the IPO’s potential listing price.
- How is GMP calculated?
- GMP is the difference between the grey market trading price and the IPO issue price.
- Example:
- If the IPO price is ₹96 and GMP is ₹40, then the expected listing price is:
- ₹96 (IPO price) + ₹40 (GMP) = ₹136
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- What does a positive or negative GMP mean?
- ✅ Positive GMP: Market expects the share to list at a profit (above the issue price).
- ❌ Negative GMP: Market expects the share to list at a loss (below the issue price).
- 🔁 Zero GMP: Flat sentiment, no listing gain expected.
- Where does GMP information come from?
- GMP data comes from unofficial sources like:
- IPO grey market dealers
- Investor forums and networks
- Market rumors
- Subscription demand buzz
- Is GMP reliable?
- GMP can give a general sense of market demand, but it is not always accurate. It:
- Can be manipulated (especially in small or SME IPOs)
- May change rapidly before listing
- Doesn’t reflect long-term value
- Use it only as a reference, not a guarantee.
- Is GMP the only factor to consider before investing?
- No. GMP is just a short-term indicator. Before applying for an IPO, you should also consider:
- Company’s financials and profitability
- Business model and sector growth
- Promoter background and risk factors
- Valuation compared to peers
- What is the GMP of Spunweb Nonwoven IPO today?
- As of July 8, 2025, the Spunweb Nonwoven IPO GMP is ₹0. With the cap price of ₹96, the expected listing price is also ₹96, indicating no premium or discount.
- Disclaimer: GMP is unofficial and based on market sentiment. We do not promote or engage in grey market trading. Please invest based on official sources and personal research.
NSDL IPO Dates
| IPO Activity | Date |
|---|---|
| IPO Open Date | |
| IPO Close Date | |
| Basis of Allotment Finalisation Date* | |
| Refunds Initiation* | |
| Credit of Shares to Demat Account* | |
| IPO Listing Date* |
Disclaimer: This content is for informational purposes only and not investment advice. Please consult a financial advisor before making any investment decisions. Investing in equities involves market risks. The author has no investment interest in this IPO.
- Strong demand in the grey market
- Positive investor sentiment
- Potential for listing gains
- Market mood
- Subscription levels
- News or company updates
- GMP is an estimate based on unofficial trades
- Listing gain is the actual price difference on listing day
- GMP is not official or regulated
- Different sources gather data from different dealers
- Market rumors and price fluctuations affect reports
- IPO shares are trading below issue price in the grey market
- Low demand or negative sentiment
- Possibility of a loss on listing day
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