The upcoming NSDL IPO has sent ripples through the investment community, with its price band of ₹760-₹800 per share coming in significantly lower than expected. This represents a substantial 22% discount compared to recent unlisted market valuations, surprising many potential investors.
The ₹4,011.6 crore offering, opening on July 30th, sees existing shareholders, including heavyweights like IDBI Bank and the National Stock Exchange (NSE), reducing their stakes. While aiming for a total valuation of ₹16,000 crore, the discounted pricing has drawn immediate comparisons to the similarly priced HDB Financial IPO, sparking debate about the rationale behind the lower-than-anticipated pricing.
Is this a strategic move to ensure strong demand, or a reflection of underlying market concerns? Investors are now left weighing the potential benefits of a discounted entry point against the possibility of missed opportunities. The coming weeks will be crucial in determining the ultimate success of the NSDL IPO.
Union Minister Kiren Rijiju recently shared a humorous anecdote about his first interaction with the…
Union Minister Kiren Rijiju has issued a pointed challenge to the opposition, urging them to…
A Southwest Airlines flight experienced a terrifying plummet of 475 feet just six minutes after…
The cricketing world was buzzing with excitement when N Jagadeesan received a surprise call-up to…
Tensions along the Thailand-Cambodia border have escalated, with clashes between the two nations entering a…
After a two-week absence, prominent religious leader Mirwaiz Umar Farooq resumed delivering the Friday sermon…