NSDL IPO 2025: Dates, Price, Lot Size, Allotment, GMP, and Investment Insights

The NSDL IPO is scheduled from 30 July to 1 August 2025, with a price band of ₹760–₹800 per share and a market lot of 18 shares (minimum application amount: ₹14,400).

NSDL IPO 2025: Dates, Price, Lot Size, Allotment, GMP, and Investment Insights

The NSDL IPO 2025 gives a chance to have exposure to a powerhouse of the financial system in India, it has a strong foundation of institutions, and historical development. It is not growth-focused just like the tech IPOs but it secure and good fundamentals. Applicants must consider the special status of NSDL, the risk factors and the pure OFS structure before making applications.

What is NSDL IPO 2025?

NSDL (National Securities Depository Limited), India’s largest depository, is launching its much-awaited IPO on 30 July 2025, running until 1 August 2025. This is a pure Offer for Sale (OFS), making it one of the most significant IPOs of the year, especially for those interested in India’s financial infrastructure.

Broker Onboarding and Expansion Reemerge as New Growth Drivers of NSDL 

Notable trend: NSDL has won most of the new-age brokers who have penetrated Indian capital markets in recent quarters as their favorite deposiary. These are new-age brokers who are yet small but will grow riderously as per MD & CEO Vijay Chandok. It is a strategic move to bridge the gap CDSL has taken on the frontier of new demat accounts where in the FY25, it has opened 37.4 million demat accounts in contrast to the 3.68 million opened through NSDL.

So what? Younger brokers are the usual bearers of fintech and large-scale retail adoption trends, so they may indicate that NSDL may see a change of clientele in the next few years.

How Does NSDL Compare with CDSL?

Factor

NSDL

CDSL

Focus

Institutional (mutual funds, FIIs, etc)

Retail investors

Market Share

Highest value of assets

Highest number of accounts

Growth

Consistent but stable

Fast retail growth

Revenue (FY25E)

₹1,535 crore

Higher, led by retail boom

The YUVA Plan: Young Investors Attraction 

Since India has experienced a young who invests in the stock markets, NSDL has also introduced YUVA Plan, which is zero settlement fee on debit instructions during the first 36 months on opening of a new retail demat account by a person below 24 years. This is a cost cutting policy as early participation is encouraged which improves the future retail growth opportunities of NSDL.

Settlement fees: Fees to transfer the ownership of shares. YUVA waives them on behalf of young people.

Impact: Expectation of increase in volume of new and young accounts although the average transactions per account will be lower. The more stories the more the larger the platform a future revenue will be generated.

Tech Investments and same-day settlement 

The innovation pipeline of NSDL includes:

  • E-AGM: Covid-era digitized annual general meetings; it will revolutionize corporate governance.
  • Debt market covenants platform based on DLT: The blockchain adoption of better visibility.
  • T+0 (Same-Day) Settlement Readiness: NSDL has enabled real-time settlement, but roll-out would need roll-out by brokers.

Chandok focuses on continuous investment in technologies, which is supported by a strong balance sheet in terms of cash.

NSDL IPO 2025 Key Details

Feature

Info

IPO Date

30 July - 1 August 2025

Price Band

₹760 – ₹800 per share

Lot Size

18 shares per lot

Minimum Amount

₹14,400 (at upper price band)

Issue Size

₹4,011.60 crore (~50.15 million shares)

Face Value

₹2 per share

Listing

BSE (Listing date: 6 August 2025)

Retail Quota

35%

OFS

100% - No fresh issue

Lead Managers

ICICI Securities, Axis Capital, HSBC, Motilal Oswal, etc.

Registrar

Link Intime

Allotment

Finalization on 4 August 2025

Maximum Allottees

Retail Portion : 35%

Retail Form : 9,73,546

HNI Small Form : 9,934

HNI Big Form : 19,868

Who are the Selling Shareholders in NSDL IPO?

  • IDBI Bank
  • National Stock Exchange (NSE)
  • Union Bank of India
  • State Bank of India
  • HDFC Bank
  • Administrator of SUUTI

Is NSDL IPO a Good Investment? 

NSDL commands the highest institutional market share among Indian depositories, showing steady revenue growth (₹1,099.8 crore in FY23 to ₹1,535 crore in FY25E).

Net profits have also climbed from ₹234.8 crore to ₹343 crore over the same period, giving a P/E valuation of 44x–46x, below the industry leader CDSL (69x).

However, as a pure OFS, proceeds benefit selling shareholders (not the company itself). Institutional focus means lower retail penetration compared to CDSL, but a stable client base.

How to Apply for NSDL IPO via IPO Ji App/Website [SEO: Apply NSDL IPO IPO Ji, NSDL IPO online process]

Want a smooth, digital IPO experience? Here’s a step-wise guide to applying for NSDL IPO using the IPO Ji platform:

  1. Install the ‘IPO Ji’ app from Google Play/iOS App Store, or visit the IPO Ji website.
  2. Create an account with your registered mobile and email.
  3. Tap “Upcoming IPOs,” select “NSDL IPO.”
  4. Choose your demat/broker account (ensure it’s NSDL-enabled or enter your DP).
  5. Enter lot(s) you wish to apply for (minimum 1 lot = 18 shares).
  6. Opt for the “cut-off” price or choose between ₹760–₹800 per share.
  7. Review details and submit your application.
  8. Approve UPI mandate if applicable (you’ll get a prompt in your payment app).
  9. Real-time updates on the IPO Ji dashboard; allotment results will be reflected automatically.

Frequently Asked NSDL IPO Questions 

What is the NSDL IPO Allotment Date?

Allotment will be finalized on 4 August 2025. Shares will be credited to demat accounts by 5 August; refunds processed simultaneously.

What is NSDL IPO Lot Size and Minimum Investment?

The lot size is 18 shares. The minimum investment amount is ₹14,400 (at ₹800 per share).

What is the NSDL IPO price band?

The price band is fixed between ₹760–₹800 per share.

What’s unique about NSDL now? 

Strategic onboarding of next-gen brokers, tech investments, the YUVA fee waiver, and innovation in e-corporate governance.