NSDL IPO: Brokerages decode the Rs 4,011 cr issue; Here’s what they recommend

NSDL’s Rs 4,012 cr IPO opens; OFS only, priced at Rs 760–800 per share.

GMP at Rs 125–126; listing on BSE likely on August 6.

Brokerages give ‘Subscribe’ call, citing strong market position, margins.

Risks include reliance on volumes and regulatory, cybersecurity challenges.