NSDL IPO Subscribed 41.02 Times on Final Day, QIBs Lead with 103.97x Response

National Securities Depository Limited’s initial public offering (IPO) witnessed strong investor participation through its third and final day of bidding, with NSDL stock price set at ₹800 per share, reflecting a robust response from institutional and non-institutional investors. The ₹4,011.60 crore offer for sale was subscribed 41.02 times by 5:04:44 PM on Day 3, signalling significant investor interest in this depository infrastructure company.

NSDL IPO qualified institutional buyers led the subscription with an impressive 103.97 times, followed by strong participation from non-institutional investors at 34.98 times, while retail investors showed healthy demand at 7.76 times. Employee quota saw 15.39 times subscription and anchor investors were fully subscribed at 1.00 times, underscoring broad-based confidence in NSDL’s business model.

NSDL IPO attracted 51,99,261 total applications, with cumulative bid amount reaching ₹1,15,266.78 crores, against the issue size of ₹4,011.60 crores.

Subscription Status of NSDL IPO:

Here are the subscription details for NSDL IPO as of Day 3 (August 1, 2025, 5:04:44 PM):

Key Highlights – Day 3:

• Overall subscription reached 41.02 times, a significant increase from 5.04 times on Day 2.
• Qualified institutional buyers recorded highest interest at 103.97 times, rising sharply from 1.96 times on Day 2.
• Non-institutional investors showed strong participation at 34.98 times, building from 11.08 times on Day 2.
• Retail investor subscription reached 7.76 times, improving from 4.19 times on Day 2.
• bNII category showed robust response at 37.73 times, increasing from 10.44 times on Day 2.
• sNII category followed with 29.47 times, growing from 12.36 times on Day 2.
• Employees subscribed 15.39 times, improving from 7.69 times on Day 2.
• Total applications stood at 51,99,261.
• Total cumulative bid value reached ₹1,15,266.78 crores against issue size of ₹4,011.60 crores.

NSDL IPO – Day 2 Subscription at 5.04 Times

Key Highlights – Day 2:

• Overall subscription reached 5.04 times, improving from Day 1's 0.78 times.
• Non-institutional investor interest increased to 11.08 times from 1.32 times on Day 1.
• Retail investor subscription grew to 4.19 times from 0.84 times on Day 1.
• QIB participation reached 1.96 times, building from 0.26 times on Day 1.
• sNII segment rose to 12.36 times from 1.93 times on Day 1.
• bNII participation increased to 10.44 times from 1.01 times on Day 1.
• Employees segment rose to 7.69 times from 1.83 times on Day 1.

NSDL IPO – Day 1 Subscription at 0.78 Times

Key Highlights – Day 1:

• Overall subscription opened at 0.78 times, indicating cautious but early interest.
• QIB showed early institutional appetite at 0.26 times.
• sNII recorded participation at 1.93 times, indicating smaller HNI interest.
• NII overall reached 1.32 times.
• Employees subscribed 1.83 times.
• Retail investors subscribed 0.84 times.
• bNII category opened at 1.01 times, suggesting early large-ticket participation.

About National Securities Depository Limited

Established in 2012, NSDL is India’s first securities depository and a SEBI-registered Market Infrastructure Institution. It plays a central role in securities dematerialisation, settlement, asset servicing, and investor-related infrastructure. With 39.45 million active demat accounts, 294 depository participants, and service coverage across over 99% of Indian PIN codes and in 186 countries, NSDL remains the backbone of India’s demat ecosystem.