NSDL
MAINBOARD
Listed
Price Band
₹760 - ₹800
Lot Size
18 Shares
Issue Size
₹4,011.60 Cr
Fresh Issue
₹4,011.60 Cr
OFS
Nil (100% Fresh)
Registrar
MUFG Intime India Private Limited
AI Sentiment Score
Listing Price
₹880.00
vs Issue: ₹800 (+10.00%)
📅 IPO Timeline
✓
Open
Jul 30, 2025
✓
Close
Aug 1, 2025
✓
Allotment
Aug 4, 2025
✓
Refund
Aug 5, 2025
✓
Demat
Aug 5, 2025
✓
Listing
Aug 6, 2025
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
NSDL displays an established operational footprint with expanding revenue streams (14.4% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (14.4% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 22.1%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 1,022.00 Cr | Rs 1,268.00 Cr | Rs 1,420.00 Cr | Rs 1,530.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 235.00 Cr | Rs 275.00 Cr | Rs 343.00 Cr | Rs 380.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 251.00 Cr | Rs 284.00 Cr | Rs 376.00 Cr | Rs 430.00 Cr |
| Borrowings (₹ Cr) | Rs 17.00 Cr | Rs 14.00 Cr | Rs 10.00 Cr | Rs 17.00 Cr |
| Total Assets (₹ Cr) | Rs 2,093.00 Cr | Rs 2,258.00 Cr | Rs 2,985.00 Cr | Rs 3,820.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 22.10% | 22.10% | 22.10% | 22.10% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
38.2x
Industry P/E
43.9x
Debt/Equity
0.01
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 43.9x
IPO 38.2x
0x (Deep Value)
59x (High Multiple)
📋 Live Subscription Status
QIB
103.97x
NII
37.73x
Retail
7.73x
Total
41.01x
🎯 Retail Allotment Probability
12.9% Odds
1 in 7.7 chance (~12.9% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:37 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹4,011.6 Cr
Issue Size
Fresh (100%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.