Purbalee Dutta 
Shares of National Securities Depository Ltd (NSDL) surged 9% on August 11, pushing its overall post-listing gains to an impressive 62%. By 9:40 am, the stock was trading at ₹1,404, up 8%, taking the company’s market capitalisation past ₹28,000 crore. NSDL made its debut last week with a 10% listing premium and has continued its strong upward momentum since then.
On the same day, the Nifty Capital Markets index was marginally up by 0.24% at 4,328.65, with stocks like Anand Rathi and Aditya Birla Sun Life AMC leading the index gains. NSDL’s peer, Central Depository Services (India) Ltd (CDSL), was trading almost flat at ₹1,569.
NSDL’s ₹4,011 crore IPO, priced between ₹760–800 per share, was oversubscribed 41 times on the final day of bidding. The public issue consisted entirely of an Offer for Sale (OFS) of 5.01 crore shares by entities such as NSE, SBI, HDFC Bank, IDBI Bank, Union Bank of India, and SUUTI. As a SEBI-registered market infrastructure institution, NSDL played a key role in launching securities dematerialisation in India back in 1996.
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