NSDL unlisted shares rally 50% in 2 months amid IPO buzz; NSE among key selling shareholders
Unlisted shares of National Securities Depository (NSDL) are soaring higher in the pre-IPO market amid the rising buzzing of its upcoming IPO, which is said to be launched in the second quarter of the ongoing financial year. The stock prices have seen a substantial 50 per cent upside in the last two months.
According to the dealers from the unlisted market, shares of NDSL have jumped to Rs 1,200-1,225 mark amid the IPO buzz. The stock was trading around Rs 800-850 mark in early April, before the stock was freezed for free-transfer, like National Stock Exchange of India (NSE) shares. They see NDLs IPO price band around Rs 750-850.
Sandip Ginodia, CEO of Kolkata-based Altius Investech said that the new ISIN has led to free transfer and…
