CDSL shares under pressure, slide 3% ahead of NSDL IPO launch on July 30

CDSL shares fell nearly 3% amid investor focus shifting to rival NSDL’s upcoming IPO.

NSDL’s IPO opens July 30, with strong grey market interest and a premium of Rs 145–155.

The Rs 4,011.6 crore IPO is a pure OFS, led by major shareholders like IDBI Bank and NSE.

CDSL has gained 37.45% in one year but declined 6.31% in the past month.