NSDL Debut on D-Street: Largest depository's stock lists at 10% premium; opened at Rs 880 on BSE

As the Rs 4,000-crore IPO of the largest depository concluded, National Securities Depository Ltd (NSDL) shares made their debut on the BSE on August 6 at Rs 880, opening 10 per cent higher than the price band of Rs 800.

With this listing, NSDL becomes the second depository service provider to be publicly traded, following its peer Central Depository Services Ltd (CDSL).

Following its debut, the stock was seen trading at Rs 179.10-- on the BSE, maintaining its strong opening level.

Should you hold the NSDL stock or sell? Know what Anil Singhvi says

Ahead of the listing, Zee Business Managing Editor Anil Singhvi had advised investors to subscribe to the IPO both for reasonable listing gains and with a long-term perspective.

For short-term opportunities, Singhvi said to maintain a stop-loss below Rs 875. "However, long-term investors were advised to hold their positions," he said.

The listing comes on the successful Rs 4,011 crore IPO, which saw an overwhelming response across investor categories. The issue was oversubscribed by 41 times with over Rs 1.1 lakh crore in bids. Here is a breakdown of the IPO subscription:

• Qualified Institutional Buyers (QIBs): 104 times
• High Net-Worth Individuals (HNIs): 35 times
• Retail Investors: 8 times

(This story will be updated shortly.)a