NSDL Share Price Jumps 9%, Market Cap Crosses ₹28,000 Crore

Market Performance

The rally in NSDL share price continued on August 11, with the stock surging 9% in early trade.

At 9:40 am, the stock was up 8%, trading at ₹1,404 per share.

With this move, NSDL’s post-listing gains have now reached an impressive 62%, pushing the company’s market capitalisation past ₹28,000 crore.

Meanwhile, the Nifty Capital Markets Index was up 0.24% at 4,328.65, led by gains in Anand Rathi and Aditya Birla Sun Life AMC.

Main News

Since its market debut last week, NSDL shares have been on a strong upward trajectory. The stock had already given 10% listing gains and has maintained momentum, delivering robust returns to investors within just a few trading sessions.

On the other hand, its peer CDSL traded nearly flat at ₹1,569.

Company Details

The ₹4,011-crore Initial Public Offering (IPO) of NSDL saw a massive 41 times subscription on its closing day. The IPO had a price band of ₹760–₹800 per share and consisted entirely of an Offer for Sale (OFS) of 5.01 crore shares.

The selling shareholders in the OFS included:

• National Stock Exchange of India (NSE)
• State Bank of India (SBI)
• HDFC Bank
• IDBI Bank
• Union Bank of India
• Administrator of Specified Undertaking of the Unit Trust of India (SUUTI)

NSDL, a SEBI-registered market infrastructure institution, plays a pivotal role in India’s securities market. It pioneered the dematerialisation of securities in November 1996 following the Depositories Act, 1996. Today, it provides a wide array of products and services to India’s financial and securities markets.

Summary

The NSDL share price continues its remarkable post-listing rally, climbing 9% on August 11 and taking its total gains to 62% in just over a week. With a market cap exceeding ₹28,000 crore, the stock remains one of the standout performers since listing. Strong IPO demand and its crucial role in India’s market infrastructure have added to the positive sentiment.