NSDL IPO Allotment Guide – Status Check, GMP & Listing Insights

1. Introduction – Why Everyone’s Talking About the NSDL IPO

The National Securities Depository Limited (NSDL) IPO has been one of the most awaited stock market events of 2025.
Here’s why:

• Market Leader – NSDL holds 86% of India’s demat accounts.

• Strong Financials – Stable earnings and low risk as a regulated entity.

• High Demand – The ₹4,012 crore IPO was fully subscribed within hours of opening.

For investors, this was a rare chance to buy into the backbone of India’s securities market.

2. Quick IPO Snapshot

3. Subscription Story – Record-Breaking Demand

• Day 1: Fully subscribed within hours – huge QIB interest.

• Final Day Subscription:

  • QIB: 104×

  • NII: 35×

  • Retail: 7.7×

  • Overall: 41×

Grey Market Premium (GMP): ₹125–₹136 before allotment, hinting at 16–17% listing gains.

4. Allotment & Listing Timeline

1. Allotment Finalisation: 4 August 2025

2. Refunds & Share Credit: 5 August 2025

3. Listing on BSE/NSE: 6 August 2025

5. How to Check Your NSDL IPO Allotment Status

Option 1 – Registrar (Link Intime):

• Visit Link Intime website

• Select “NSDL IPO”

• Enter PAN / Application Number / Demat ID

• Submit and view status

Option 2 – BSE Website:

• Go to BSE India > Investors > Application Status

• Select “Equity” & “NSDL”

• Enter PAN or Application Number

Option 3 – NSE Website:

• Use NSE Bid Verification tool to confirm application and allotment details.

6. How Allotment Works (SEBI Rules)

• Allotment must be done within 24 hours of IPO close (excl. holidays).

• Done proportionally within each category after removing invalid bids.

• Money blocked via ASBA – debited only if shares are allotted.

7. What This Means for Investors

• Retail: With 7.7× subscription, allotment chances are low – expect 1 lot if lucky.

• QIB & NII: Heavily oversubscribed; allotment proportionally reduced.

• Employees: Separate reserved quota processed internally.

8. After Allotment – What Happens Next

• If Allotted: Shares credited to your demat on 5 August.

• If Not Allotted: Money unblocked/refunded same day.

• Listing Day (6 August): GMP suggests ₹920–₹925 opening price.

9. Why This IPO Was a Hot Pick

1. Dominant Market Position – Monopoly-like status in India’s depository space.

2. Steady Business – Stable revenues from account maintenance & transaction charges.

3. Strong Institutional Support – Big names like LIC & global funds as anchors.

4. Positive Analyst Ratings – Many brokerages gave “Subscribe” calls.

10. Risks to Keep in Mind

• Valuation: ₹800 issue price = ~47× FY25 earnings.

• GMP Uncertainty: Grey market is unofficial & volatile.

• Retail Allocation: High oversubscription = low allotment chances.

• Regulatory Changes: Future rules could impact business.

11. Listing Day & Long-Term Outlook

• Short-Term: Possible 15–17% gains on listing.

• Long-Term: Growth from rising demat account numbers & value-added services like e-sign, account aggregation, and digital identity.

• Peers: CDSL comparison will influence post-listing valuation.

12. Quick Tips for IPO Investors

• Always apply via ASBA.

• Keep PAN & Demat details ready for status check.

• Don’t rely solely on GMP for decision-making.

• Track quarterly results for long-term investment view.

13. Final Word – A Rare Market Infrastructure Play

The NSDL IPO isn’t just another listing – it’s a stake in India’s financial backbone. While listing gains look promising, the bigger story is NSDL’s long-term role in powering India’s equity market growth.

NSDL IPO Key Dates

• IPO Closed: 1 August 2025

• Allotment: 4 August

• Demat Credit/Refund: 5 August

• Listing: 6 August