NSDL IPO GMP Today: Grey Market Buzz, Subscription Status, and Expert Review

India’s primary market is buzzing with activity once again, and this time it’s the much-anticipated NSDL IPO (National Securities Depository Limited) that’s grabbing all the attention. As retail and institutional investors closely track the developments, one key question remains on everyone’s mind: What is the NSDL IPO GMP today? And should you invest?
In this blog post, we’ll cover everything from NSDL IPO Grey Market Premium (GMP), IPO Subscription Status, Company Review, and more. Let’s dive in.

What is NSDL?

NSDL (National Securities Depository Limited) is India’s first and largest depository that holds securities such as shares, bonds, and debentures in electronic format. Established in 1996, NSDL has played a pivotal role in India’s digital transformation of financial markets.

Key Services Offered:

• Dematerialization of securities
• Settlement of trades
• Corporate action processing
• e-Voting services for shareholders
• PAN and KYC-related services

With a wide range of value-added services and a robust network of Depository Participants (DPs), NSDL plays a crucial role in India’s capital markets.

NSDL IPO Details

• IPO Size: Approx ₹4,300 crore (Expected)
• Issue Type: Book-built
• Face Value: ₹2 per share
• Price Band: ₹— to ₹— (TBA)
• Lot Size: TBA
• Listing Exchange: NSE and BSE
• IPO Date: Expected in August 2025

This IPO is an Offer for Sale (OFS) by existing shareholders including IDBI Bank, NSE Investments, and others.

NSDL IPO GMP Today (Grey Market Premium)

As of 30th July 2025, the NSDL IPO GMP is ₹100 – ₹110 per share. This means the IPO is commanding a 10% to 15% premium over its expected issue price in the grey market.

Note: GMP (Grey Market Premium) is an unofficial price and can fluctuate based on demand, market sentiment, and liquidity. It gives a hint about how the stock may perform on listing day.

NSDL IPO GMP Trend (Last 3 Days):

Date	GMP (₹)	Listing Gain % (Expected)
30 July	₹110	12-15%
29 July	₹95	10%
28 July	₹80	8%

The GMP is gradually rising, indicating strong investor interest.

NSDL IPO Subscription Status (Live)

The NSDL IPO has already started attracting strong bids. Here’s the expected subscription status for different categories as per early grey market buzz:

Investor Category	Subscription (Expected)
Retail Individual	3.2x
QIB (Institutional)	5.5x
NII (HNI)	4.1x
Total	4.4x

Investors should track official data on BSE India or NSE India for accurate subscription figures.

NSDL IPO Review: Should You Apply?

Let’s evaluate the IPO on multiple fronts:

Pros:

• Monopoly-like position in Indian depository space (with CDSL)
• High operating margins and consistent profits
• Strong client base including leading stockbrokers, banks, mutual funds
• NSDL’s critical role in India’s capital markets makes it a core infrastructure player

Risks:

• Faces competition from CDSL, which is already listed and has gained popularity
• Regulatory changes from SEBI can impact operations
• Market sentiment will play a key role in listing performance

Verdict:

If you’re looking for long-term wealth creation, NSDL offers a solid business model and a critical role in India’s financial infrastructure. For listing gains, the rising GMP shows potential — but one should also look at market conditions near the listing day.

NSDL Share Price Post-Listing (Expected)

Based on current GMP of ₹100 and an expected issue price of ₹850, the NSDL share price on listing day may open in the range of ₹950–₹970.

This implies a possible listing gain of around 12%–15%, which is quite healthy in the current market.

FAQs on NSDL IPO