National Securities Depository (NSDL) IPO
Open MainLineCurrent GMP
₹125 (+15.63%)
Price Band
₹ 760 – 800
Lot Size
18
Issue Size
₹4011.6 Cr
Minimum Investment
₹14400 (18 Shares)
Listing Date
06 August 2025
Subscription
41.01x
About the Company
Incorporated in 2012, NSDL is a SEBI-registered Market Infrastructure Institution (MII) and India’s first and largest depository.
It pioneered the dematerialization of securities in India following the Depositories Act of 1996.
NSDL plays a central role in the Indian financial market by offering a secure and efficient digital platform for holding and transferring securities.
Core Functions:
- Depository Services:
- Maintains electronic records of allotment and ownership transfers.
- Offers dematerialization, trade settlement, off-market transfers, pledging, and corporate actions.
- Asset Servicing:
- Ensures safekeeping and servicing of diverse securities like equities, mutual funds, government securities, and gold receipts.
- Additional Services:
- Provides e-voting, consolidated account statements (CAS), and non-disposal undertakings (NDUs).
- Operates a centralized digital book-keeping system for issuers and investors.
Subsidiaries:
- NSDL Database Management Limited (NDML):
- Offers e-governance, KYC, insurance repository, and collaborative IT solutions.
- Manages SEZ automation and the National Skills Registry.
- NSDL Payments Bank Limited (NPBL):
- A B2B digital payments bank launched in 2018.
- Focuses on financial inclusion through micro-ATMs, AePS, UPI, POS, and distribution of third-party financial products.
Key Metrics (as of March 31, 2023):
- 31.46 million active demat accounts.
- 283 registered depository participants.
- 40,987 registered issuers.
- Account holders in over 99% of Indian PIN codes and 186 countries.
- Handled ₹43,060.50 billion in individual and HUF assets, 88.14% market share for NRI assets, and 97.84% share in corporate debt securities.
Competitive Strengths:
- Pioneer and market leader in India’s depository sector.
- Strong technology backbone with a focus on innovation and security.
- Stable recurring revenue from custody, maintenance, and transaction fees.
- Diversified services and asset classes, with integrated verticals across financial and regulatory domains.
- Experienced leadership, headed by Managing Director & CEO Padmaja Chunduru.
Promoters
Company is a professionally managed company and does not have an identifiable promoter.
Promoters Holding
Holding Pre Issue
0.00%
Holding Post Issue
0.00%
Objects of the Issue
The Company will not receive any proceeds from the Offer (“Offer Proceeds”) .
The Company NSDL IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Achieve the benefits of listing the Equity Shares on BSE
Address / Contact Info
National Securities Depository Ltd.
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
Email: cs_nsdl@nsdl.com
Website: https://nsdl.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 30 July 2025
IPO Close Date
Friday, 01 August 2025
Basis of Allotment
Monday, 04 August 2025
Initiation of Refunds
Tuesday, 05 August 2025
Credit of Shares to Demat
Tuesday, 05 August 2025
Listing Date
Wednesday, 06 August 2025 — NSE & BSE
Important Dates
Open Date
30 July 2025
Close Date
01 August 2025
Basis Of Allotment
04 August 2025
Listing Date
06 August 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 2093.48 | 1692.75 | 1504.01 |
| Revenue | 1099.81 | 821.29 | 526.12 |
| Profit After Tax | 234.81 | 212.59 | 188.57 |
| Net Worth | 1428.86 | 1211.62 | 1019.3 |
| Reserve & Surplus | 1388.86 | 1171.62 | 979.3 |
| Total Borrowings | 0 | 0 | 0 |
EPS Pre
11.74%
EPS Post
0.00%
P/E Pre
11.74
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 18.6 | 19 | 17.8 |
| ROCE % | 22.7 | 21.3 | 21.8 |
| Debt / Equity | 0 | 0 | 0 |
| RoNW % | 17.11 | 16.36 | 16.43 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 24.2 | 21.7 | 23 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 10012000 | 28.5 | 0 |
| Non-Institutional | 7509001 | 21.38 | 0 |
| BNII | 5006001 | 14.25 | 0 |
| SNII | 2503000 | 7.13 | 0 |
| Retail Investors | 17521001 | 49.88 | 0 |
| Employees | 85000 | 0.24 | 0 |
| Total | 35127002 | 100 | 0 |
Subscription Status ( Fri, 01 Aug 25 01:59 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 10012000 | 1040916654 | 103.97x |
| Non-Institutional | 7509001 | 262681758 | 34.98x |
| BNII | 5006001 | 188892540 | 37.73x |
| SNII | 2503000 | 73789218 | 29.48x |
| Retail Investors | 17521001 | 135482994 | 7.73x |
| Employees | 85000 | 1310598 | 15.42x |
| Total | 35127002 | 1440392004 | 41.01x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| NSDL | 2 | 0.00 | 17.16 | 17.16 | 17.11 | 100.27 |
| CDSL | 10 | 68.04 | 25.20 | 25.20 | 29.90 | 84.23 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 18 | 14,400.00 |
| Retail (Max) | 13 | 234 | 187,200.00 |
| S-HNI (Min) | 14 | 252 | 201,600.00 |
| S-HNI (Max) | 69 | 1,242 | 993,600.00 |
| B-HNI (Min) | 70 | 1,260 | 1,008,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Axis Capital Limited
- Motilal Oswal Investment Advisors Pvt Ltd
- ICICI Securities Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- Idbi Capital Market Services Limited
- SBI Capital Markets Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
National Securities Depository (NSDL) IPO is a Book-building IPO worth ₹4011.6 crores. The price band is ₹760 to 800 per share. The IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The National Securities Depository (NSDL) IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025
National Securities Depository (NSDL) IPO Price Band is ₹760 to 800.
National Securities Depository (NSDL) IPO lot size is 18, and the minimum amount required for application is ₹14400.
The minimum investment for National Securities Depository (NSDL) IPO is approximately ₹14400 based on the upper price band.
To apply for the National Securities Depository (NSDL) IPO , investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Aug 1, 2025. After submission, funds are blocked until the basis of allotment of National Securities Depository (NSDL) IPO is finalised.
National Securities Depository (NSDL) IPO issue size is ₹4011.6 crores.
National Securities Depository (NSDL) IPO allotment date is Sat, Jun 27, 2026.
The registrar for National Securities Depository (NSDL) IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to National Securities Depository (NSDL) IPO through their official website or helpline.
The National Securities Depository (NSDL) IPO GMP (Grey Market Premium) is ₹125 as of Wed, Aug 6, 2025. Based on the upper price band of ₹800 per share, the estimated National Securities Depository (NSDL) IPO listing price is ₹925, indicating a potential listing gain of approximately 31% over the issue price.