NSDL IPO Details
IPO Overview
The National Securities Depository Limited (NSDL) is set to launch its Initial Public Offering (IPO) in 2025, marking a significant milestone for the company. Below are the key details of the NSDL IPO:
- IPO Open Date: 2025
- IPO Close Date: 2025
- Face Value: ₹2 Per Equity Share
- IPO Price Band: ₹[.] to ₹[.] Per Share
- Issue Size: Approx ₹[.] Crores
- Fresh Issue: Approx ₹[.] Crores
- Offer for Sale: Approx 57,260,001 Equity Shares
- Issue Type: Book Built Issue
- IPO Listing: BSE & NSE
- Retail Quota: Not more than 35%
- QIB Quota: Not more than 50%
- NII Quota: Not more than 15%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
- Anchor Investors List: Click Here
NSDL IPO Market Lot
The NSDL IPO will have a minimum market lot of [.] shares, with an application amount of ₹[.]. Retail investors can apply for up to 13 lots, which translates to [.] shares for a total amount of ₹[.].
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | [.] | ₹[.] |
| Retail Maximum | 13 | [.] | ₹[.] |
| HNI Minimum | 14 | [.] | ₹[.] |
| B-HNI Minimum | 68 | [.] | ₹[.] |
NSDL IPO Dates
The timeline for the NSDL IPO is as follows:
- IPO Open Date: 2025
- IPO Close Date: 2025
- Basis of Allotment: 2025
- Refunds: 2025
- Credit to Demat Account: 2025
- IPO Listing Date: 2025
It is noteworthy that the company does not have an identifiable promoter.
About NSDL
Founded in August 1996, NSDL has established itself as a pioneer in the Indian capital market by developing a robust infrastructure supported by innovative technology systems. As of March 31, 2023, NSDL maintained over 31.46 million active demat accounts through 283 registered depository participants.
NSDL enables investors to hold securities in digital form via ‘Demat Accounts,’ which are managed by depository participants. The reach of NSDL is extensive, covering more than 99% of India’s pin codes and extending to 186 countries worldwide. The upcoming IPO will consist entirely of an offer for sale (OFS) of 5.72 crore equity shares, with significant stakeholders such as IDBI Bank Limited, National Stock Exchange (NSE), State Bank of India (SBI), HDFC Bank, and Union Bank of India participating in the sale.
NSDL IPO Company Financial Report
The financial performance of NSDL has shown promising growth:
- Revenue for 2023: ₹1,099.81 crores (up from ₹789.94 crores in 2022)
- Profit for 2023: ₹234.81 crores (up from ₹212.59 crores in 2022)
| Period Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 2021 | 526.12 | 279.54 | 188.57 | 1,504.01 |
| 2022 | 821.29 | 541.69 | 212.59 | 1,692.75 |
| 2023 | 1,099.81 | 789.94 | 234.81 | 2,093.48 |
NSDL IPO Valuation – FY2023
The valuation metrics for NSDL are as follows:
- 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/Earnings (P/E) Ratio: N.A.
- Return on Net Worth (RoNW): 16.43%
- Net Asset Value (NAV): ₹71.44
Peer Group Comparison
In comparison to its peers, NSDL’s financial metrics stand out:
| Company | EPS | P/E Ratio | RoNW % | NAV (₹) | Income (₹ in Crores) |
|---|---|---|---|---|---|
| Central Depository Services Limited | 26.41 | 45.13 | 21.95% | 120.30 | 620.94 |
Objects of the Issue
The specific objectives of the NSDL IPO will be detailed in the prospectus, focusing on enhancing the company’s capital structure and supporting its growth initiatives.
NSDL IPO Review
Several financial institutions and brokerages are expected to provide insights and reviews on the NSDL IPO, including:
- Canara Bank
- Choksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
NSDL IPO Registrar
The registrar for the NSDL IPO is MUFG Intime India Private Limited.
- Phone: +91 810 811 4949
- E-mail: Contact Us
- Website: MUFG Intime
IPO Lead Managers (Merchant Bankers)
The lead managers for the NSDL IPO include:
- 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: Contact Us
Website: NSDL
NSDL IPO FAQs
What is NSDL IPO?
The NSDL IPO is a Mainboard IPO aimed at raising ₹[.] Crores. The issue is priced at ₹[.] to ₹[.] per equity share and will be listed on BSE & NSE.
When will NSDL IPO open for subscription?
The IPO is set to open in 2025 for QIB, NII, and Retail Investors, closing in the same year.
What is NSDL IPO Investors Portion?
The allocation for investors is as follows: QIB – 50%, NII – 15%, and Retail – 35%.
How to Apply for the NSDL IPO?
Investors can apply for the NSDL IPO via ASBA online through their bank accounts or through stock brokers by filling out the offline form.
What is NSDL IPO Issue Size?
The issue size for the NSDL IPO is ₹[.] crores.
What is NSDL IPO Price Band?
The price band for the NSDL IPO is ₹[.] to ₹[.].
What is NSDL IPO Lot Size?
The minimum bid is [.] shares with an application amount of ₹[.].
What is the NSDL IPO Allotment Date?
The allotment date is scheduled for 2025.
What is the NSDL IPO Listing Date?
The listing date is also set for 2025, with the IPO to be listed on BSE & NSE.
Note: The NSDL IPO price band and dates will be officially announced. The grey market premium will be updated as it becomes available.