NSDL IPO Allotment Status: How to Check and What to Expect

The National Securities Depository Limited (NSDL) IPO, one of the most anticipated public offerings of 2025, has finalized its allotment status on August 4, 2025, following a robust subscription period from July 30 to August 1. The ₹4,011.60 crore IPO, priced at ₹800 per share, was oversubscribed 41.02 times, reflecting strong investor confidence across all categories. Investors are now eagerly awaiting the listing on the BSE, scheduled for August 6, 2025. Here’s everything you need to know about checking the NSDL IPO allotment status and key updates.

How to Check NSDL IPO Allotment Status

Investors who applied for the NSDL IPO can check their allotment status through the following platforms:

1. MUFG Intime India (Registrar)

• Visit the official registrar’s website: MUFG Intime India.
• Select “NSDL Ltd” from the dropdown menu.
• Choose an option: PAN, Application Number, or DP/Client ID.
• Enter the required details and click “Submit” to view your allotment status.

2. BSE Website

• Go to the BSE IPO allotment page: BSE Application Status.
• Select “Equity” as the issue type.
• Choose “NSDL Ltd” from the dropdown menu.
• Enter your Application Number or PAN and click “Search” to check your status.

3. NSE Website

• Visit the NSE IPO allotment page: NSE IPO Bid Details.
• Select “NSDL” from the company list.
• Enter your PAN or Application Number and click “Submit” to view the allotment details.

Alternatively, investors can log into their demat accounts or contact their brokers to confirm if shares have been credited.

Key Allotment and Listing Details

• Allotment Date: August 4, 2025
• Share Credit to Demat: August 5, 2025
• Refund Initiation: August 5, 2025 (for non-allotted applicants)
• Listing Date: August 6, 2025 (on BSE)

The IPO saw overwhelming demand, with Qualified Institutional Buyers (QIBs) subscribing 103.97 times, Non-Institutional Investors (NIIs) 34.98 times, Retail Individual Investors (RIIs) 7.73 times, and the employee segment 15.42 times. Due to the high oversubscription, retail investors have a 1 in 8 chance of receiving an allotment, with a minimum lot of 18 shares allocated on a proportionate basis or via a lottery if shares are limited.

Grey Market Premium (GMP) and Listing Expectations

The NSDL IPO is generating significant buzz in the grey market, with the latest Grey Market Premium (GMP) ranging between ₹120 and ₹126 per share. This suggests an estimated listing price of approximately ₹920 to ₹926, indicating a potential listing gain of 15–16% over the issue price of ₹800. However, GMP is unofficial and speculative, so investors should approach it cautiously and consult financial advisors before making decisions.

About NSDL

Founded in 1996, NSDL is India’s largest securities depository, managing over 39.45 million active demat accounts as of March 31, 2025. It plays a critical role in India’s capital market infrastructure, offering services like dematerialization, trade settlement, e-voting, and corporate actions. The IPO, a complete Offer for Sale (OFS) of 5.01 crore shares, will not generate proceeds for NSDL but will unlock shareholder value for stakeholders like NSE, SBI, HDFC Bank, and others.

What’s Next for Investors?

• Allotted Shares: If you’ve received an allotment, shares will be credited to your demat account by August 5, 2025. Monitor the listing on August 6 for potential trading opportunities.
• Non-Allotted Applicants: Refunds will be initiated on August 5 and should reflect in your bank account within 2–3 working days.
• Listing Strategy: Analysts recommend holding shares for long-term gains, given NSDL’s dominant market position and stable revenue model. However, some suggest watching for post-listing dips to enter the secondary market.

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Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. Always consult a certified financial advisor before making investment decisions.