NSDL IPO Subscription
ListedUpdated 6 August 2025, 9:15 AM IST· Mainboard
NSDL IPO subscription closed on 1 August 2025 at 41.02x overall by shares. QIB demand came in at 103.97x, NII at 34.98x, and retail at 7.76x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 4 August 2025. Listing date on NSE and BSE is 6 August 2025.
NSDL IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 30 Jul 2025 | 0.26x | 1.32x | 0.84x | 0.78x |
| Day 2 - 31 Jul 2025 | 1.96x | 11.08x | 4.19x | 5.04x |
| Day 3 - 1 Aug 2025 | 103.97x | 34.98x | 7.76x | 41.02x |
NSDL IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
NSDL IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 7.76x (shares) | Updating soon |
| SHNI (Rs 2L to Rs 10L) | 29.47x (shares) | Updating soon |
| BHNI (above Rs 10L) | 37.73x (shares) | Updating soon |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the NSDL IPO Allotment Status page from 4 August 2025 for your result.
NSDL IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 800.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 800.96 Cr | Rs 83,273.33 Cr | 103.97x |
| NII | Rs 600.72 Cr | Rs 21,012.07 Cr | 34.98x |
| sNII (Rs 2L to Rs 10L) | Rs 200.24 Cr | Rs 5,900.66 Cr | 29.47x |
| bNII (above Rs 10L) | Rs 400.48 Cr | Rs 15,111.40 Cr | 37.73x |
| Retail | Rs 1,401.68 Cr | Rs 10,874.70 Cr | 7.76x |
| Total | Rs 2,803.36 Cr | Rs 1,15,160.09 Cr | 41.08x |
What Do These Subscription Numbers Mean?
41.02x overall by shares means bids covered about 41 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 103.97x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (34.98x by shares). SHNI and BHNI allotment is by lottery.
Retail at 7.76x by shares. Exact lottery chances need application data.
NSDL IPO GMP After Subscription
GMP for NSDL IPO stands at Rs 125.00 today, giving an estimated listing price of Rs 925.00 per share.
A subscription of 41.02x combined with a GMP of 15.63% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the NSDL IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
NSDL IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 30 July 2025 |
| IPO Close Date | 1 August 2025 |
| Allotment Date | 4 August 2025 |
| Refund Initiation | 5 August 2025 |
| Share Credit to Demat | 5 August 2025 |
| Listing Date | 6 August 2025 |
| Minimum Investment | Rs 14,400.00 |
| Lot Size | 18 shares |
About NSDL IPO
National Securities Depository Limited (NSDL), established in 1996, is a SEBI-registered market infrastructure institution and currently the largest depository in India. NSDL's core business revolves around providing depository services that enable investors to hold and transfer securities (like listed and unlisted shares, mutual funds, REITs, InvITs, AIFs, debt instruments, SGBs) in dematerialized (electronic) format through demat accounts. Key functions include maintaining allotment and transfer of ownership records, facilitating asset servicing, and various transaction services.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
NSDL IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
NSDL IPO Details
Issue size, price, financials, and company info
NSDL IPO GMP
Live grey market premium and listing estimate
NSDL IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
NSDL IPO Allotment
Allotment date, chances, and check by PAN
NSDL IPO Review
SWOT, strengths, risks, and IPO review
NSDL IPO FAQ
Common questions on dates, GMP, and allotment
NSDL IPO Registrar
Registrar website and how to check allotment
NSDL IPO Timeline
Open, close, allotment, and listing dates
NSDL IPO News
Updates, blogs, and latest IPO news
NSDL IPO Subscription FAQs
What is NSDL IPO subscription status today?
NSDL IPO subscription closed on 1 August 2025 with overall subscription of 41.02x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 103.97x, NII 34.98x, Retail 7.76x.
What is the overall subscription of NSDL IPO?
NSDL IPO is subscribed 41.02x overall by shares at close on 1 August 2025. QIB 103.97x, NII 34.98x, and Retail 7.76x.
What is NSDL IPO QIB subscription?
NSDL IPO QIB (Qualified Institutional Buyers) subscription is 103.97x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is NSDL IPO Retail subscription?
NSDL IPO Retail subscription is 7.76x by shares. Retail bids are up to Rs 2 lakh per PAN.
What is NSDL IPO NII, SHNI, and BHNI subscription?
NSDL IPO NII subscription is 34.98x by shares. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) and BHNI (above Rs 10L).
What are NSDL IPO retail allotment chances?
NSDL IPO retail share subscription is 7.76x. Application data is needed for exact lottery chances.
What are NSDL IPO SHNI allotment chances?
NSDL IPO SHNI share subscription is 29.47x. Application data is needed for exact lottery chances.
What are NSDL IPO BHNI allotment chances?
NSDL IPO BHNI share subscription is 37.73x. Application data is needed for exact lottery chances.
When is NSDL IPO allotment date?
NSDL IPO allotment date is 4 August 2025. Check NSDL IPO Allotment Status on IPOwiz from that day using your PAN.
When does NSDL IPO subscription close?
NSDL IPO subscription closed on 1 August 2025. No new applications are accepted after the close.
What is NSDL IPO GMP today?
NSDL IPO GMP is ₹125 today (+15.63% over issue price ₹800). See live GMP on the NSDL IPO GMP Today page.
What is NSDL IPO issue price and lot size?
NSDL IPO issue price is ₹800 per share. Lot size is 18 shares. Minimum investment is ₹14,400 per lot. Issue size: ₹4011.60 Cr.
When is NSDL IPO listing date?
NSDL IPO listing date is 6 August 2025 on NSE and BSE. Allotment is on 4 August 2025.
How does subscription affect NSDL IPO allotment?
In NSDL IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 41.02x overall, competition is high.
For allotment results from 4 August 2025, visit the NSDL IPO Allotment Status page. For listing day updates on 6 August 2025, download the IPOwiz App.
Sources
We match NSDL IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.