NSDL IPO is scheduled to open on July 30, 2025, and will close on August 1, 2025. The basis of allotment will be finalized on August 4, 2025, followed by refunds and credit to Demat accounts on August 5, 2025. The listing of NSDL shares is likely to happen on August 6, 2025, on both BSE and NSE.
NSDL IPO is a Book Built Issue and the company aims to raise ₹[.] crores through this IPO. It is entirely an offer for sale of 5,01,45,001 equity shares with a face value of ₹2 each. The price band for the IPO is yet to be announced. The quota for retail investors is 35%, while QIBs will get 50%, and HNIs have a 15% reservation.
As per the financials, NSDL reported a revenue of ₹1,535.19 crores in FY 2025 compared to ₹1,365.71 crores in FY 2024. The profit also increased to ₹343.12 crores in 2025 from ₹275.45 crores in the previous year. Looking at this strong financial performance, investors may consider applying for this IPO with a long-term view.
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
| DRHP | Click here |
| RHP | Click here |
NSDL IPO Details Overview
| IPO Details | Information |
|---|---|
| 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 (Day) |
| IPO Open Date | July 30, 2025 (Wednesday) |
| IPO Close Date | August 1, 2025 (Friday) |
| Basis of Allotment | August 4, 2025 (Monday) |
| Refunds Initiation | August 5, 2025 (Tuesday) |
| Credit to Demat Account | August 5, 2025 (Tuesday) |
| IPO Listing Date | August 6, 2025 (Wednesday) |
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: cs_nsdl@nsdl.com
🌐 Website: nsdl.co.in
📝 NSDL IPO Registrar
🏦 MUFG Intime India Private Limited
📞 Phone: +91 810 811 4949
📧 E-mail: nsdl.ipo@linkintime.co.in
🌐 Website: Registrar Website
NSDL IPO FAQs
What is the NSDL IPO Open and Close Date?
The NSDL IPO is expected to open on July 30, 2025, and will close on Aug 1, 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.