NSDL IPO is scheduled to start on March 25, 2025, and will close on March 31, 2025. The IPO allotment is likely to be finalized in April 2025, with a tentative listing date on the BSE and NSE in April 2025. This book-built issue aims to raise approximately ₹[.] crores, comprising a fresh issue of ₹[.] crores and an offer for sale of up to 57,260,001 equity shares with a face value of ₹2 each.
The IPO has allocated 35% of shares for retail investors, 50% for QIB, and 15% for HNI investors. NSDL IPO price band is set at ₹[.] to ₹[.] per share.
NSDL has demonstrated strong financial growth, reporting revenue of ₹1,099.81 crores in 2023 compared to ₹789.94 crores in 2022. The company’s profit increased to ₹234.81 crores in 2023 from ₹212.59 crores in 2022. With solid financial performance, NSDL IPO could be an attractive option for long-term investors.
Overview of Contents
About NSDL IPO
Established in 1996, the National Securities Depository Limited (NSDL) is one of the world’s largest depositories, playing a pivotal role in India’s capital market infrastructure. It facilitates the holding and settlement of securities in dematerialized form through Demat Accounts, eliminating issues associated with paper-based trading, such as bad deliveries and transfer delays.
NSDL provides services for various asset classes, including equities, mutual funds, debt instruments, sovereign gold bonds, and electronic gold receipts. As of March 31, 2023, it had over 31.46 million active Demat accounts through 283 depository participants, covering more than 99% of India’s pin codes and 186 countries worldwide. It also has 40,987 registered issuers, making it a key player in India’s financial ecosystem.
NSDL’s cutting-edge technology ensures secure, efficient, and cost-effective securities transactions, reducing risks and enhancing market efficiency. By developing innovative settlement solutions, NSDL continues to support investors, brokers, and financial institutions while strengthening the safety and reliability of India’s capital markets.
NSDL IPO Prospectus
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| RHP | Click here |
NSDL IPO Details Overview
| IPO Details | Information |
|---|---|
| IPO Open Date | March 25, 2025 (Tentative) |
| IPO Close Date | March 31, 2025 |
| Listing Date | April 2025 (Tentative) |
| Face Value | ₹2 per equity share |
| IPO Price Band | ₹[.] to ₹[.] per share |
| Lot Size | [.] Shares |
| Total Issue Size | Approx ₹[.] Crores |
| Fresh Issue | Approx ₹[.] Crores |
| Offer for Sale | 57,260,001 Equity Shares |
| Issue Type | Book Built Issue |
| Listing At | BSE & NSE |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| Pre-Issue Shareholding | [.] Shares |
| Post-Issue Shareholding | [.] Shares |
NSDL IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
NSDL IPO Dates
| Event | Date (Tentative) |
|---|---|
| Opening of Subscription | March 25, 2025 |
| Closing of Subscription | March 31, 2025 |
| Allotment Finalization | April 2025 |
| Refund Initiation | April 2025 |
| Demat Account Credit | April 2025 |
| Listing on Stock Exchange | April 2025 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Central Depository Services Limited | 26.41 | 45.13 | 21.95% | 120.30 | 620.94 Cr. |
NSDL IPO Financial Performance
| Financial Year | Revenue (₹ Cr) | Expenses (₹ Cr) | Net Income (₹ Cr) | Profit Margin (%) |
|---|---|---|---|---|
| FY 2021 | 467.57 | 279.54 | 188.57 | 40.33% |
| FY 2022 | 761.11 | 541.69 | 212.59 | 27.93% |
| FY 2023 | 1,021.99 | 789.94 | 234.81 | 22.98% |
NSDL IPO Valuation – FY 2023
| Key Metrics | Values |
|---|---|
| Return on Equity (ROE) | 17.8% |
| Return on Capital Employed (ROCE) | 21.8% |
| EBITDA Margin | N.A. |
| Profit After Tax (PAT) Margin | 21.35% |
| Debt-to-Equity Ratio | N.A. |
| Earnings Per Share (EPS) | ₹11.74 (Basic) |
| Price-to-Earnings (P/E) Ratio | N.A. |
| Return on Net Worth (RoNW) | 16.43% |
| Net Asset Value (NAV) Per Share | ₹71.44 |
NSDL IPO Review
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📌 IPO Lead Managers (Merchant Bankers)
📊 ICICI Securities Limited
📈 Axis Capital Limited
🌎 HSBC Securities and Capital Markets (India) Private Limited
🏦 IDBI Capital Markets & Securities Limited
💰 SBI Capital Markets Limited
📉 Motilal Oswal Investment Advisors Limited
🏢 Company Address
📍 National Securities Depository Limited
📍 Trade World, ‘A’ Wing, 4th Floor,
📍 Kamala Mills Compound, Senapati Bapat Marg,
📍 Lower Parel (West), Mumbai – 400 013, Maharashtra, India
📞 Phone: +91 22 2499 4200
📧 E-mail: [email protected]
🌐 Website: nsdl.co.in
📝 NSDL IPO Registrar
🏦 MUFG Intime India Private Limited
📞 Phone: +91 810 811 4949
📧 E-mail: [email protected]
🌐 Website: Registrar Website
NSDL IPO FAQs
What is the NSDL IPO Open and Close Date?
The NSDL IPO is expected to open on March 25, 2025, and will close on March 31, 2025.
What is the NSDL IPO Price Band?
The price band for the NSDL IPO is yet to be announced and will be updated once declared by the company.
How can I apply for the NSDL IPO?
You can apply for the NSDL IPO through ASBA (Application Supported by Blocked Amount) via your bank or through UPI using stockbroker platforms like Zerodha, Groww, Upstox, and Paytm Money.
When will NSDL IPO shares be credited to my Demat account?
The allotment of NSDL IPO shares is expected to be finalized in April 2025, with shares being credited to successful applicants’ Demat accounts shortly after.
On which stock exchanges will NSDL IPO be listed?
The NSDL IPO is planned for listing on both BSE & NSE after the completion of the IPO process.