National Securities Depository Limited IPO

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National Securities Depository Limited IPO

NSDL offers a comprehensive suite of products and services to support India’s financial and securities markets. Following the enactment of the Depositories Act in 1996, the company played a pioneering role in the dematerialization of securities, launching India’s first demat services in November 1996. As of March 31, 2023, the company stands as India’s largest depository by several key metrics, including the number of issuers, active instruments, market share in demat value, settlement volume, and value of assets under custody. Its core service is the facilitation of Demat Accounts through depository participants, enabling investors to hold securities in digital form.

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Price Band

₹760 - ₹800

Dates

30 Jul - 01 Aug

GMP

₹126 (15.75%)
Subscriptions

41.01 times
Issue Size

₹4,010.95 Crs
NSDL IPO Key Dates
Opening Date

30 Jul 25

Closing Date

01 Aug 25

Basis Of Allotment

04 Aug 25

Initiations Of Refund

05 Aug 25

Credit Of Shares

05 Aug 25

Listing Date

06 Aug 25

NSDL IPO Objects

The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).

Selling Shareholders:

  1. IDBI Bank Limited - 22,220,000 EQ Shares
  2. National Stock Exchange of India Limited - 18,000,001 EQ Shares
  3. Union Bank of India - 500,000 EQ Shares

NSDL IPO Details
Price Band

₹760 - ₹800

Listing At

NSE & BSE
IPO Issue Type

100% Book Built Offer
Fresh Issue

₹0.00 (0.00 Shares)
Offer For Sale

₹4,010.95 Cr (5.01 Cr Shares)
Total Issue

₹4,010.95 Cr (5.01 Cr Shares)
Face Value

₹2 per equity share
NSDL IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 1 18 14,400
Maximum 13 234 1,87,200
Small HNI
Minimum 14 252 2,01,600
Maximum 69 1,242 9,93,600
Big HNI
Minimum 70 1,260 10,08,000
Allocate Funds
NSDL IPO Subscription

Updated as on 01-Aug-2025 19:00:00

Investor Category Subscription (times) Shares Offered Shared Bid
QIB 103.97 1,00,12,000 1,04,09,16,654
NII 34.98 75,09,001 26,26,81,758
bNII (bids above ₹10L) 37.73 50,06,001 18,88,92,540
sNII (bids between ₹2L to ₹10L) 29.48 25,03,000 7,37,89,218
Retail 7.73 1,75,21,001 13,54,82,994
Employee 15.42 85,000 13,10,598
Total 41.01 3,51,27,002 1,44,03,92,004
NSDL IPO GMP

The estimated Grey Market Premium of NSDL IPO is ₹126 per share (15.75%)

Category Allocation
Particulars Allocation
QIBs Not more than 50% of Net Offer
Big HNIs (NII) Not less than 10% of Net Offer
Small HNIs (NII) Not less than 5% of Net Offer
Retail Not less than 35% of Net Offer
Employee 85000 EQ Shares
NSDL IPO Financials

(Rs. in crores)

Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 1,420.15 1,268.24 1,021.99
Profit after Tax 343.12 275.45 234.81
Net Worth 2,005.34 1,684.10 1,428.86
Total Borrowing 0.00 0.00 0.00
Total Assets 2,984.84 2,257.74 2,093.48
NAV per share (in ₹) 100.27 84.20 71.44
EPS - Basic (in ₹) 17.16 13.77 11.74

The financial information presented is on a consolidated basis.

Key Performance Indicators
KPI KPI
Demat custody val (In Lk Cr) 46.41
Demat Accounts (In Cr) 3.95
Issuers 79,773
PAT 22.35%
ROE 17.11%
PE Ratio 46.62
PB Ratio 7.98
Mkt Cap (in Crs.) 16,000.00
  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.
NSDL IPO Peer Comparision

(Rs. in crores)

Particulars NSDL CDSL
Revenue from Ops (in Crs.) 1,420.15 1,082.21
PAT (In Crs.) 343.12 526.33
EPS - Basic 17.16 25.20
NAV per share 100.27 84.23
ROE 17.11% 29.90%
PAT Margin 22.35% 48.63%
Price to earning (PE) 46.62 68.04
Demat Accounts (In Cr) 3.95 15.30
Demat custody value (In Lakh Cr) 46.41 7.05
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 22, 2025 for Peers
NSDL IPO Peer Comparision

(Rs. in crores)

Particulars NSDL
Revenue from Ops (in Crs.) 1,420.15
PAT (In Crs.) 343.12
EPS - Basic 17.16
NAV per share 100.27
ROE 17.11%
PAT Margin 22.35%
Price to earning (PE) 46.62
Demat Accounts (In Cr) 3.95
Demat custody value (In Lakh Cr) 46.41
CDSL
1,082.21
526.33
25.20
84.23
29.90%
48.63%
68.04
15.30
7.05
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 22, 2025 for Peers
Promoter Details
Name Shareholding
Management Details
Name Designation
Vijay Chandok MD & CEO
Parveen Gupta Chairman
Jigar Shah CFO
Company Details

Name: National Securities Depository Limited

Address: Trade World, ‘A’ Wing, 4th Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013, Maharashtra, India

Number: 22 2499 4200

Email: cs_nsdl@nsdl.com

Website: https://nsdl.co.in

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

NSDL IPO is a Mainboard IPO having an issue size of Rs. ₹4,010.95 Crs. NSDL IPO is priced at ₹760 - ₹800 per share. The issue opens on 30 Jul 25 and closes on 01 Aug 25.

NSDL IPO opens on 30 Jul 25 and closes on 01 Aug 25.

The estimated Grey Market Premium of NSDL IPO is ₹126 per share (15.75%).

The minimum lot size of NSDL IPO is 18 shares & the minimum application amount is Rs. 14400.

The allotment date of NSDL IPO is 04 Aug 25.

The listing date of NSDL IPO is 06 Aug 25.

NSDL IPO is subscribed 41.01 times.

NSDL IPO is priced at ₹760 - ₹800 per share.

Click the allotment link on NSDL IPO page of IPO360.

  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app

  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app

  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select NSDL IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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