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Unlisted shares of National Securities Depository Ltd (NSDL) have surged by around 50% over the past two months due to growing anticipation surrounding its upcoming IPO, expected in Q2 of the current financial year. The share price rose from ₹800–850 in April to ₹1,200–1,225, according to unlisted market dealers. This rise follows a freeze on free-transfer trades and strong investor interest. The IPO is expected to be priced in the ₹750–850 range.
Sandip Ginodia, CEO of Altius Investech, explained that the introduction of a new ISIN has enabled easier transfer and trading of NSDL shares, leading to a surge in demand. He added that anticipation around NSDL’s IPO approval has further fueled retail investor interest. Highlighting NSDL’s position alongside CDSL in India’s depository market duopoly, Ginodia emphasized its stable business model and growth potential, driven by the expansion of financial assets in the country, and noted the absence of any concerns regarding its management or ownership structure.
Source : https://shorturl.at/5cgIg
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