The National Securities Depository Limited’s (NSDL) IPO was one of the most eagerly awaited issues of 2025. As the allotment status is being finalised today (August 4, 2025), thousands of investors are eager to know if shares have landed in their demat accounts. If you applied to this Rs 4,012 crore landmark offer, here’s everything you need to know—straight from the latest news, including how to check your NSDL IPO allotment status, upcoming listing details, and grey market cues.
NSDL IPO: At a Glance
- Issue period: July 30, 2025, to August 1, 2025
- Price band: ₹760 – ₹800 per share
- Minimum lot size (retail): 18 shares (₹14,400 at upper band)
- IPO type: 100% Offer for Sale (OFS) of 5.01 crore equity shares—no fresh capital for NSDL
- Allotment finalisation: August 4, 2025
- Refunds (for non-allottees): August 5, 2025
- Shares credit to demat account: August 5, 2025
- Listing date: August 6, 2025, on BSE and NSE
Massive Investor Interest
The NSDL IPO was a blockbuster:
- Overall subscription: 41.01x
- QIB: 103.97x
- Non-institutional investors: 34.98x
- Retail investors: 7.73x
- Employees: 15.42x
These numbers show strong demand, especially from institutional and high net-worth investors. The retail subscription of nearly 8x also signals broad-based interest in India’s largest depository.
How to Check Your NSDL IPO Allotment Status
Here’s how you can quickly check if you’ve got shares:
1. Registrar (Link Intime / MUFG Intime India) Website
- Go to: Link Intime IPO Allotment
- Select “National Securities Depository Limited” from the dropdown
- Enter your Application Number, PAN, or DP Client ID
- Fill out the security code and submit
2. BSE Website
- Visit: BSE IPO Allotment
- Select ‘Equity’
- Choose “National Securities Depository Limited”
- Enter your application details and PAN
- Complete the captcha and search
3. NSE Website
- Go to: NSE IPO Substatus
- Select “Equity & SME IPO bid details”
- Provide your PAN and Application Number
After submitting the required details, your allotment status—whether shares are allotted or not—will be displayed.
What Happens Next?
- Successful allottees can expect shares to be credited to their demat accounts by August 5, 2025.
- Unsuccessful applicants will see funds unblocked or refunded on the same date (allow 2–3 business days for reflection in your account).
The stock is all set to list on BSE and NSE on August 6, 2025. Many investors will be watching closely as grey market premium (GMP) for NSDL shares is reportedly around ₹120–₹126, hinting at a potential 15% listing gain over the issue price of ₹800.
Key News and Insights
- Record demand: The IPO fetched oversubscription of more than 41x overall, with QIBs leading the charge, reflecting deep market confidence in NSDL’s business.
- No company proceeds: This IPO was purely an OFS, so funds go to selling shareholders, not NSDL.
- Listing expectations: Grey market sentiment appears positive, but it is unofficial—actual listing price can be volatile.
Important Dates
| Event | Date |
|---|---|
| Allotment Finalisation | August 4, 2025 |
| Refunds/Unblock | August 5, 2025 |
| Demat Credit | August 5, 2025 |
| Listing Date | August 6, 2025 |
Takeaway
The NSDL IPO allotment status is now live and can be checked across registrar, BSE, and NSE portals. With massive oversubscription and strong GMP in the unofficial market, many are hoping for a strong debut on August 6. Whether you received an allotment or not, keep a close watch for updates and manage your funds and trading decisions accordingly.

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