NSDL IPO: Price band of Rs 760–800 takes investors by...

NSDL IPO: Price band of Rs 760–800 takes investors by surprise; over 20% below unlisted market peak

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NSDL's upcoming IPO has set its price band at Rs 760-800 per share, a 22% discount from unlisted market values. The Rs 4,011.6 crore issue, opening July 30, involves existing shareholders like IDBI Bank and NSE offloading stakes. Targeting a Rs 16,000 crore valuation, NSDL's IPO draws comparisons to HDB Financial's discounted pricing.

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