On the first day of NSDL IPO’s bidding, employees demanded the most of the quota of shares allocated for them while qualified institutional buyers (QIB) showed tepid demand.
The listing-bound depository demanded 3.68 times the 85,000 shares that were reserved for bidding for employees of NSDL. QIBs demanded just 0.84 times the allocated one crore shares.
Retail investors, however, displayed enthusiasm, bidding 1.87 times the shares earmarked for them. The only other category that had demand stronger than that of employee reservation was the sub category of non institutional investors whose bid amount was between ₹2 lakh and ₹10 lakh, which was 3.97 times the number of shares they were allowed to bid.
Published – July 31, 2025 12:00 am IST