Last updated on July 25, 2025
Check out the Latest NSDL IPO GMP Today aka Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today. NSDL IPO date is fixed, the Issue will be open for IPO on July 30, 2025 and will close on August 1, 2025. It is a bookbuilding issue of 57,260,001 equity shares, with a face value of ₹2 each. The retail quota for this IPO is 35%, QIB is 50% (Anchor Investors: Up to 60% of the QIB portion), and HNI is 15%.
What is NSDL IPO GMP Price Today?
The NSDL IPO GMP Price, also known as Grey Market Premium, is ₹147 as of Today.
What is NSDL IPO Kostak Rates Today?
The NSDL IPO Kostak Rate is ₹-.
What is NSDL IPO Subject to Sauda Price Today?
The NSDL IPO subject to sauda rates is ₹2000.
What is NSDL IPO Expected Returns?
The NSDL IPO expected return is 2646 Rs.
NSDL IPO GMP Today Live Rates Day by day with Kotak rates.
| Date | IPO Price | GMP | GMP Trend | Subject to | Expected Listing Gain |
|---|---|---|---|---|---|
| 25 July | ₹ 800 | ₹ 147 |  | 200/2800 | ₹2646 |
| 24 July | NA | ₹ 166 |  | ₹ 1800 | ₹- |
| 23 July | NA | ₹ 166 | | ₹ 1800 | ₹- |
| 22 July | NA | ₹ 154 | | ₹ 1700 | ₹- |
| 21 July | NA | ₹ 154 | | ₹ 1700 | ₹- |
| 20 July | NA | ₹ 188 | | ₹ 2500 | ₹- |
| 19 July | NA | ₹ 188 | | ₹ 2500 | ₹- |
NSDL Introduction
National Securities Depository Limited (NSDL) is one of India’s most critical financial infrastructure institutions. It serves as a depository that holds securities such as shares, bonds, mutual fund units, and other financial instruments in electronic (dematerialized) form. NSDL plays a pivotal role in the smooth operation of India’s capital markets by ensuring safe, efficient, and transparent handling of securities transactions.
Established in 1996 as the first depository in India, NSDL brought about a revolutionary shift from paper-based share certificates to digital holdings. Over the years, it has grown into a trusted entity facilitating the entire capital market ecosystem including investors, brokers, custodians, depository participants, and regulators.
NSDL History and Establishment
NSDL was incorporated in 1996 under the Depositories Act, 1996. The establishment of NSDL was triggered by the need to eliminate the problems associated with physical share certificates such as bad delivery, theft, forgery, and delays in transfers. It marked the beginning of a new era in Indian capital markets by introducing dematerialization (demat) of securities.
Initially promoted by key institutions such as IDBI, NSE, and UTI, NSDL commenced operations on November 8, 1996. Over the years, several public and private financial institutions became shareholders, and in 2012, NSDL was corporatized and renamed as NSDL Depository Ltd., later becoming National Securities Depository Ltd. in 2013.
NSDL Business Model
NSDL earns revenue through:
Annual maintenance charges from DPs
Transaction fees (debit/credit of securities)
Service charges for value-added offerings
Revenue from group companies (NDML & NPBL)
As a depository, NSDL operates under a regulated fee structure, so its profitability depends on market activity, the number of active accounts, and volume of holdings.
NSDL Market Position and Reach
As of 2023, NSDL remains a major depository in India alongside its counterpart CDSL (Central Depository Services Ltd.). While CDSL is more retail investor-focused, NSDL is considered more institutional and corporate-facing.
NSDL Highlights:
Over 3 crore investor accounts
More than 2,00,000 companies’ securities dematerialized
Demat custody value exceeding ₹350 lakh crore
Network of over 270+ DPs (Depository Participants)
Connected with Stock Exchanges, SEBI, RBI, and all major banks
What is Grey Market Premium (GMP)?
The grey market premium (GMP) in the context of an Initial Public Offering (IPO) refers to the difference between the unofficial market price of the shares and the IPO price. The grey market is an informal over-the-counter market where trading of shares takes place before they are officially listed on a stock exchange. This trading occurs among investors and brokers, and it is not regulated by stock exchanges or securities regulators. A positive GMP indicates demand at a higher price than the IPO. It serves as an informal indicator of market sentiment and demand but lacks regulatory oversight. Investors should approach GMP with caution, considering it may not accurately reflect actual market conditions post-listing.
What is Kostak Rate?
The Kostak rate is the amount that one buyer pays to the seller of an IPO application before the IPO listing. As the grey market reacts, the Kostak rates also react the same way. One can buy and sell their full IPO application on Kostak rates outside the market and fix their profit. The buyer must pay the Kostak rates for application, whether the investor gets the IPO allotment or not.
What is Subject to Sauda in IPO Grey Market?
“Subject to Sauda” on an IPO application is the agreed-upon amount when investors receive allotment for their IPO shares. Buying or selling the IPO application subject to sauda implies that the specified amount can be obtained upon allotment; otherwise, the sauda arrangement will be canceled. Profit cannot be fixed, as it depends on the share allotment in IPO application.
Dislcaimer:
- IPO Grey Market Premium mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
- Do not subscribe for IPO by just seeing the premium Price as it may change any time before listing. Subscribe only considering the fundamentals of the companies.