NSDL Shares Rocket After IPO: A 3-Day Rally That Captivated the Market
Rapid Gains Post-Listing
NSDL made a strong debut on August 6, 2025, listing at ₹880—10% above its IPO price of ₹800—and closed the day at ₹936, marking a 17% gain.
On Day 2 (August 7), the stock surged further to ₹1,123, hitting the upper circuit, representing a 27.6% rise from its listing price.
By Day 3 (August 8), NSDL soared to ₹1,339 intraday—a stunning 67% jump from IPO and a 52% rally off the listing price.
What’s Fueling the Momentum?
Dominant Market Position: NSDL holds over 85–86% of India’s securities depository market, giving it unmatched scale and visibility.
Explosive Growth in Demat Accounts: The demat accounts base has been growing at a 21.9% CAGR, soaring to 192 million accounts by March 2025—creating a strong tailwind for NSDL’s services.
Reuters
Robust Financials: Consistent revenue and net profit growth (nearly 18–21% CAGR over FY23–25), with healthy EBITDA margins of 22–26%, pointing to strong fundamentals.
Investor Sentiment & Analyst Views
The IPO drew aggressive subscription: 41× overall, including 7.7× from retail and over 100× from QIBs, illustrating massive investor appetite.
Analysts and experts are upbeat: Many recommend subscribing or holding for the long term, valuing NSDL’s structural advantages and vital role in India’s capital markets.
