Get the lowdown on the NSDL IPO! The allotment is expected today, with shares listed on August 6th. Find out how to check your status and what it all means
for investors.
Allotment Day Arrives
The NSDL IPO allotment process, which closed on Friday, was expected to finalize on August 4th. Investors had eagerly awaited the outcome after the IPO saw a massive subscription of 41.02x. This is an exciting time for those who participated.
Check Your Status
To find out if you've been allotted shares, check the BSE, NSE, or Intime websites. This online process is designed to be straightforward and accessible, allowing investors to know their status quickly. Keep an eye out this evening, folks!
Listing & Gains
The listing date for the NSDL IPO shares is set for August 6th. The grey market premium (GMP) stands at 15%, suggesting potential listing gains for investors. This performance is a positive signal for the IPO's debut.
SEBI Compliance
The listing is crucial for NSDL to comply with SEBI regulations. These rules limit ownership to 15% for any single entity, necessitating IDBI Bank and NSE to reduce their stakes. This is vital for market stability.
