India, Mumbai: The allotment status for the National Securities Depository Ltd (NSDL) Initial Public Offering (IPO), which a lot of people were looking forward to, has been set. The offering was subscribed to an amazing 41 times during the bidding process. The IPO has gotten a lot of attention, and now it’s getting a big premium in the gray market, which means it will likely do well.
Live Mint says that the current Grey Market Premium (GMP) for the NSDL IPO is ₹124 per share. The IPO price range of ₹800 means that the projected listing price for NSDL shares will be roughly ₹924 per share, which is about 15.5% more than the IPO price.
There are two official websites where investors who took part in the IPO can check their allotment status: the official website of the BSE and the website of the issue’s registrar, MUFG Intime India Private Limited.
How to Find Out the Status of Your NSDL IPO Allotment:
On the BSE Site:
Go to the BSE website and look at the IPO allotment page.
Choose “Equity” as the type of concern.
Select “NSDL LTD” from the drop-down option.
Type in your PAN number or application number.
To see the allotment details, click “Search.”
On the MUFG Intime India site:
Visit the official MUFG Intime India webpage.
From the firm dropdown list, choose “NSDL Ltd.”
Pick one of these: PAN, Application Number, DP/Client ID, or Bank Account Number and IFSC.
Fill up the needed information.
To see the status of your IPO allotment, click “Submit.”
The NSDL IPO wanted to raise ₹4,011 crore and got offers for 1,44,03,92,004 shares, even though only 3,51,27,002 shares were available. The significant demand from all types of investors, from qualified institutional purchasers to retail investors, shows that the market trusts the company.
NSDL is a market institution registered with Sebi that offers a variety of products and services to India’s financial and securities markets. After Central Depository Services Ltd. (CDSL) went public in 2017, it will be the second publicly traded depository in the country when it goes public on Wednesday, August 6.
ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets & Securities, Motilal Oswal Investment Advisors, and SBI Capital Markets are the book-running lead managers for the IPO.