NSDL Shares Soar: A Robust Debut on the BSE
National Securities Depository Ltd (NSDL) shares experienced a strong debut, closing at a 17% premium on the first trading day. Starting at Rs 880, the stock peaked at Rs 943.85, ending at Rs 936. The IPO received high demand with 41 times subscription, though NSDL will not benefit as the IPO was an Offer For Sale.
- Country:
- India
In a striking debut, shares of National Securities Depository Ltd (NSDL) ended the first day of trade at a 17% premium over the issue price of Rs 800 on Wednesday.
Opening at Rs 880, a 10% rise from the issue price, the stock surged to an intraday high of Rs 943.85 before closing at Rs 936 on the BSE.
The robust demand led to a market valuation of Rs 18,720 crore. This IPO, comprising entirely of an Offer For Sale component, marked NSDL's entry as the second publicly traded depository in India.
(With inputs from agencies.)
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