NSDL Unlisted Shares Rally 40% Pre-IPO: Here’s Why Investors Are Going All-In

The excitement around NSDL’s upcoming IPO has sparked a buying frenzy in the unlisted share market, with its stock surging nearly 40% since April and about 30% just since May. Currently trading around ₹1,250 per share, NSDL’s unlisted shares have climbed sharply from the ₹995 level, underscoring growing investor confidence.

One of the biggest catalysts behind this rally is the simplification of unlisted share transfers. NSDL’s decision to settle unlisted trades via CDSL has made the process smoother, eliminating the need for approvals from market intermediaries and SEBI. This has significantly boosted retail investor participation.

Moreover, NSDL’s strong financials and consistent market positioning as India’s leading securities depository continue to attract serious investor interest ahead of its highly anticipated July IPO. Notably, the IPO size has been revised to 50.15 million shares, slightly lower than the original 57.26 million, as per the latest addendum to the DRHP.

This bullish sentiment isn't limited to NSDL alone—other exchange-related stocks like NSE and NCDEX are also witnessing a sharp uptick in unlisted share prices. For instance, NSE’s unlisted stock has jumped from ₹1,575 to ₹2,370 in just a month, indicating a broader trend in the pre-IPO investment space.

With momentum building and the IPO window fast approaching, NSDL’s unlisted shares are firmly on the radar of savvy investors seeking early exposure to India's financial infrastructure play.