National Securities Depository (NSDL)

National Securities Depository Limited (NSDL) - IPO

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National Securities Depository (NSDL) IPO Details

Open Date
30 Jul 2025
Close Date
01 Aug 2025
Listing Date
06 Aug 2025
Issue Price
₹760 - ₹800
Face Value
₹2 per share
Lot Size
18
GMP
₹118 (14.8%)
Issue Type
IPO
Listing On
NSE, BSE
Type
Book Built Issue
Share holding pre issue
200000000
Share holding post issue
200000000
Total Issue Size
5,01,45,001 shares (aggregating up to ₹4,011.60 Cr)
Fresh Issue
-
Offer for Sale
-

National Securities Depository (NSDL) IPO Subscription

National Securities Depository (NSDL) IPO Application Wise Breakup (Approx)

National Securities Depository (NSDL) IPO Dates

  • 30 Jul 2025
    Opening dateOPD
  • 01 Aug 2025
    Closing dateCOD
  • 04 Aug 2025
    Basis of AllotmentBOA
  • 05 Aug 2025
    Initiation of RefundsIOR
  • 05 Aug 2025
    Credit of SharesCOS
  • 06 Aug 2025
    Listing dateLID

National Securities Depository (NSDL) IPO Lot Size

ApplicationLotsSharesAmount
Retain Minimum118₹14,400
Retain Maximum13234₹187,200
SHNI Minimum14252₹201,600
SHNI Maximum691242₹993,600
BHNI Minimum701260₹1,008,000

National Securities Depository (NSDL) IPO Reservation

Promoter Holding

Pre Issue:-
Post Issue:-
Promoter Names:
No Identical Promoter(s)

Documents

  ›  National Securities Depository (NSDL) IPO DRHP
  ›  National Securities Depository (NSDL) IPO RHP
  ›  Anchor Investors in National Securities Depository (NSDL) IPO

National Securities Depository (NSDL) IPO Valuations

ROE:17.11%
ROCE:22.7%
RONW:17.11%
PAT MARGIN:22.35%
PRICE TO BOOK VALUE:7.98
EPS Pre IPO:17.16
EPS Post IPO:17.16
P/E Pre IPO:46.63
P/E Post IPO:46.63

National Securities Depository Limited (NSDL) Financial Information

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets2,984.842,257.742,093.48
Revenue1,535.191,365.711,099.81
Profit After Tax343.12275.45234.81
EBITDA492.94381.13328.60
Net Worth2,005.341,684.101,428.86
Reserves and Surplus232.31216.32199.08
Amount in ₹ Crore

About National Securities Depository (NSDL) IPO

Incorporated in 2012, National Securities Depository Limited (NSDL) is SEBI-registered Market Infrastructure Institution (MII).

Core Activities:

  • Acts as a securities depository in India.
  • Maintains electronic records of allotment and ownership transfer of securities.
  • Provides depository services including dematerialization, trade settlement, off-market transfers, pledging of securities, and corporate actions.
  • Provides asset servicing for securities held in dematerialized form.
  • Offers additional services such as e-voting, consolidated account statements (CAS), and non-disposal undertakings (NDU).

Subsidiaries:

  • NSDL Database Management Limited (NDML): Offers services across e-governance, regulatory platforms, KYC, insurance repository, and collaborative industry platforms. Handles SEZ automation and the National Skills Registry.
  • NSDL Payments Bank Limited (NPBL): Operates a business-to-business payments bank. Provides digital banking, domestic remittances, savings accounts, AePS, micro-ATMs, prepaid cards, UPI, POS, and third-party product distribution (insurance and mutual funds).

Key Figures (as of March 31, 2025):

  • Active demat accounts: 39.45 million
  • Registered depository participants: 294
  • Registered issuers: 33,758
  • Account holders located in over 99% of Indian PIN codes and in 186 countries

Strength Of National Securities Depository (NSDL) IPO

  • India’s first and leading technology-driven depository.
  • Strong emphasis on technology-led product innovation.
  • Robust IT infrastructure with advanced risk management and cybersecurity.
  • Stable revenue base with high recurring income component.
  • Wide range of asset classes held in demat accounts.
  • Well-diversified business verticals.

Risk Of National Securities Depository (NSDL) IPO

  • Dependence on transaction-based revenue sensitive to market trading volumes.
  • Vulnerability to IT system disruptions or cybersecurity breaches.
  • Reliance on depository participants for business operations and growth.
  • Subsidiary NDML subject to multiple regulatory compliance risks.
  • Past SEBI observations and risk of future regulatory warnings or deficiencies.
  • Pending legal proceedings involving the Company, its Directors, and Subsidiaries.

Objectives National Securities Depository (NSDL) IPO

1. Achieve the benefits of listing the Equity Shares on BSE

Company Contact Details

National Securities Depository Ltd.
3rd Floor, Naman Chamber,
Plot C-32, G-Block,
Bandra Kurla Complex, Bandra East,
Mumbai, Maharashtra, 400051
Phone: +91 22 2499 4200
Email: cs_nsdl@nsdl.com
Website: https://nsdl.co.in/

Registrar Contact Details

Name: MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Lead Mangers

  1. ICICI Securities Limited

  2. SBI Capital Markets Limited

  3. Hsbc Securities & Capital Markets Pvt Ltd

  4. Axis Capital Limited

  5. Idbi Capital Market Services Limited

  6. Motilal Oswal Investment Advisors Limited

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