NSDL IPO Subscription Status
NSDL IPO closed on 1 August 2025 with an overall subscription of 41.02x based on shares applied. QIB demand came in at 103.97x, NII at 34.98x, and retail at 7.76x.
Allotment will be finalised on 4 August 2025. The stock is scheduled to list on NSE and BSE on 6 August 2025.
Issue Price
Rs 800.00
GMP Today
Rs 125.00 (+15.63%)
Overall Subscription
41.02x
Issue Size
₹4011.60 Cr
Allotment Date
4 Aug 2025
Listing Date
6 Aug 2025
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 |
NSDL IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 1,00,12,000 | 1,04,09,16,654 | 103.97x |
| NII | 75,09,001 | 26,26,50,816 | 34.98x |
| sNII (Rs 2L to Rs 10L) | 25,03,000 | 7,37,58,276 | 29.47x |
| bNII (above Rs 10L) | 50,06,001 | 18,88,92,540 | 37.73x |
| Retail | 1,75,21,001 | 13,59,33,714 | 7.76x |
| Total | 3,50,42,002 | 1,43,95,01,184 | 41.08x |
What Do These Subscription Numbers Mean?
A subscription of 41.02x by shares means the IPO received bids for 41 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 103.97x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 103.97x, it reflects serious institutional conviction.
NII at 34.98x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 7.76x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
NSDL IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Share subscription: 7.76x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Share subscription: 29.47x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
BHNI (above Rs 10 lakh)
- •Share subscription: 37.73x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the NSDL IPO Allotment Status page from 4 August 2025 for your allotment result.
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 Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
NSDL IPO Subscription FAQs
What is NSDL IPO IPO subscription status today?
NSDL IPO IPO subscription closed on 1 August 2025 with overall subscription of 41.02x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 103.97x, NII 34.98x, Retail 7.76x.
What is the overall subscription of NSDL IPO IPO?
NSDL IPO 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 IPO QIB subscription?
NSDL IPO IPO QIB (Qualified Institutional Buyers) subscription is 103.97x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is NSDL IPO IPO Retail subscription?
NSDL IPO IPO Retail subscription is 7.76x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is NSDL IPO IPO NII subscription?
NSDL IPO IPO NII (Non-Institutional Investors) subscription is 34.98x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in NSDL IPO IPO for retail?
NSDL IPO IPO retail share subscription is 7.76x. Application-wise data is needed for accurate lottery odds.
When is NSDL IPO IPO allotment date?
NSDL IPO IPO allotment date is 4 August 2025. Check NSDL IPO Allotment Status on IPOwiz from that day using your PAN.
When does NSDL IPO IPO subscription close?
NSDL IPO IPO subscription closed on 1 August 2025. No new applications are accepted after the close.
What is NSDL IPO IPO GMP today?
NSDL IPO 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 IPO issue price and lot size?
NSDL IPO 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 IPO listing date?
NSDL IPO IPO listing date is 6 August 2025 on NSE and BSE. Allotment is on 4 August 2025.
How does subscription affect NSDL IPO IPO allotment?
Allotment odds in NSDL IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.