National Securities Depository Limited (NSDL) IPO
MainboardDepositories, Clearing Houses and Other Intermediaries
Listed On: Aug 6, 2025 at ₹ 880.0(BSE)
₹ 14400 /18 Shares
Check AllotmentPrice Summary
Last Closing
1,211.05 (51.38%)52 Week High
1,425.0052 Week Low
880.00Last Update
19-Aug-2025 3:58 PM30 Jul, 2025
Open Date01 Aug, 2025
Close Date04 Aug, 2025
Allotment Date06 Aug, 2025
Listing DateIssue Price
₹760-800 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSERegistrar
MUFG Intime India Private Limited (Link Intime)List Price
880.0(BSE)Listing Date
2025-08-06Market Lot
Retail : 18 Shares (₹14,400/-)S-HNI : 252 Shares (₹2,01,600/-)
B-HNI : 1,260 Shares (₹10,08,000/-)
Lead Manager
ICICI Securities LimitedAxis Capital Limited
Hsbc Securities & Capital Markets Pvt Ltd
Idbi Capital Market Services Limited
Motilal Oswal Investment Advisors Limited
SBI Capital Markets Limited
Issue Size
OFS : 5,01,45,001 shares(aggregating up to ₹4,011.60 Cr)Retail Portion
35% (Number of Retail Applications: 9,73,546 Approx),(Number of S-HNI Applications : 9,934 Approx),
(Number of B-HNI Applications : 19,868 Approx)
Subscription
41.00 timesNational Securities Depository Limited (NSDL) IPO Details
National Securities Depository Limited (NSDL) IPO is a book-built issue of ₹4011.6 crores, The total issue size is ₹4011.6 crores. The IPO of National Securities Depository Limited (NSDL) is priced at ₹760-800 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Jul 30, 2025 and ends on Aug 1, 2025. The allotment for National Securities Depository Limited (NSDL) IPO will be finalized on Aug 4, 2025. National Securities Depository Limited (NSDL) IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 6, 2025. The company shall list its equity shares on the BSE. MUFG Intime India Private Limited (Link Intime) is the registrar of the issue.
Retail investors can bid for a minimum of 18 shares, extendable to 14,400. S-HNIs will be able to bid for 252 shares at ₹2,01,600, while B-HNIs can also apply for a bid of 1,260 shares at ₹10,08,000. The book-running lead manager for the IPO is/are ICICI Securities Limited , Axis Capital Limited , Hsbc Securities & Capital Markets Pvt Ltd , Idbi Capital Market Services Limited , Motilal Oswal Investment Advisors Limited , SBI Capital Markets Limited .
an Offer for Sale (OFS) of 5,01,45,001 shares to mop up ₹4011.6 crore.
The National Securities Depository Limited (NSDL) IPO sets its price band at 760-800 for each share. A single application for National Securities Depository Limited (NSDL) IPO must contain at least 18 shares. Sentiment investors need to invest a minimum of 18 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,400 In order to participate in the sNII, investors must purchase at least 14 lots of 252 shares for ₹2,01,600, while the bNII requires 70 lots of 1,260 shares for an investment of ₹10,08,000.
National Securities Depository Limited (NSDL) IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 1,00,12,000 | 75,09,001 50,06,001 25,03,000 | 1,75,21,001 | 3,51,27,002 |
| Day 1 - 30-07-25 05:00 PM | 0.84 x | 2.83 2.26 x 3.97 x | 1.87 x | 1.78 x |
| Day 2 - 31-07-25 05:00 PM | 1.96 x | 11.08 10.44 x 12.36 x | 4.17 x | 5.03 x |
| Day 3 - 01-08-25 05:00 PM | 103.97 x | 34.98 37.73 x 29.47 x | 7.72 x | 41.00 x |
National Securities Depository Limited (NSDL) Valuations
EPS Pre IPO
₹17.16/-EPS Post IPO
₹/-P/E Pre IPO
46.63P/E Post IPO
ROE
17.11%ROCE
22.70%RoNW
17.11%PAT Margin
22.35%Price to Book Value
7.98National Securities Depository Limited (NSDL) Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 2,984.84 | 2,257.74 | 2,093.48 |
| Revenue | 1,535.19 | 1,365.71 | 1,099.81 |
| Profit After Tax | 343.12 | 275.45 | 234.81 |
| Net Worth | 2,005.34 | 1,684.10 | 1,428.86 |
| Reserves & Surplus | 232.31 | 216.32 | 199.08 |
About The Company
National Securities Depository Limited (NSDL) is registered as SEBI-based Market Infrastructure Institution (MII) and was incorporated in 2012, being an essential aspect of capital market infrastructure in India. Being one of the major securities depository, the main responsibilities of NSDL are to maintain an electronic record of securities, as well as enable ownership and allotment transfers, facilitate trade settlement and facilitating allotment and transfer of ownership. Its services cover pledging of securities, off-market transfer, corporate actions as well as asset servicing of dematerialized securities. Other digital services that NSDL provides include e-voting, consolidated account statements (CAS) and non-disposal undertakings (NDU).
There are two important subsidiaries of NSDL. NSDL Database Management Ltd. (NDML) provides e-governance services and regulatory services, administers the National Skills Registry and helps to automate SEZs. NSDL Payments Bank Ltd. (NPBL) is a B2B digital bank that provides domestic remittances, AePS, UPI, micro-ATMs, savings account and distribution of third party products.
On March 31, 2025, there were 39.45 million active demat accounts in NSDL, 294 registered depository participants and 33,758 registered issuers. It covers the account holders in more than 99 percent of the Indian PIN codes and 186 nations, which is an indicator of its large presence within the country and around the world.
National Securities Depository Limited (NSDL) - Strength and Weakness
India’s largest depository, holding 88.39% securities by value.
Introduced dematerialisation, transforming India’s securities settlement landscape forever.
Stable recurring revenue from annual custody and service fees.
Experienced leadership team averaging 20+ years in financial services.
A shift in investor preference away from securities could reduce revenue.
Business is vulnerable to external market factors like inflation and GDP.
Failure to innovate or adopt new tech may impact future growth.
System glitches or cyberattacks could harm NSDL’s operations and image.
National Securities Depository Limited (NSDL) - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| NSDL | N/A | N/A | 17.11% | 1535 |
| CDSL | 20.40 | 68.04 | 29.90% | 1199 |
National Securities Depository Limited (NSDL) - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
National Securities Depository Limited (NSDL) IPO - Issue Objectives
- Carrying out the offer for sale of up to 5,72,60,001 equity shares million by the selling shareholders.
- Achieve the benefits of listing the equity shares on BSE.
National Securities Depository Limited (NSDL) IPO - Anchor Investors
Global investors investing in NSDL through anchor book were Smallcap World Fund, Government Pension Fund Global, Abu Dhabi Investment Authority, Ashoka Whiteoak, Florida Retirement System, Allianz Global, Manulife Global Fund, Tocu Europe, Amundi Funds, and Eastspring Investments.
A number of domestic institutional investors such as Life Insurance Corporation (LIC), SBI Mutual Fund, ICICI Prudential Mutual Fund, Whiteoak Capital, HDFC AMC, Fidelity Funds, Nippon Life, Aditya Birla Sun Life AMC, Axis Mutual Fund, UTI AMC, SBI Life Insurance, Mirae Asset, HDFC Life Insurance, 360 ONE Equity Opportunity Fund, JM Financial MF, Tata Investment Corporation, and LIC MF also entered their name in the list of shareholders by anchor book investment.
Other Details
National Securities Depository Limited (NSDL)
Trade World, ‘A’ Wing, 4 th Floor, Kamala Mills Compound, Senapati Bapat Marg,Lower Parel (West), Mumbai, Maharashtra, 400013MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: nsdl.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
National Securities Depository Limited (NSDL) IPO - FAQs
Ans. National Securities Depository Limited (NSDL) IPO is a Mainboard IPO. The issue is priced at ₹760-800 per equity share. The minimum order quantity is 18 Shares. The IPO opens on Jul 30, 2025, and closes on Aug 1, 2025. MUFG Intime India Private Limited (Link Intime) is the registrar for the IPO. The shares are proposed to be listed on BSE.
Ans. The National Securities Depository Limited (NSDL) IPO opens on Jul 30, 2025 and closes on Aug 1, 2025.
Ans. The size of National Securities Depository Limited (NSDL) IPO is OFS : 5,01,45,001 shares(aggregating up to ₹4,011.60 Cr).
Ans. The IPO price band is set between ₹760-800 per equity share.
Ans. To apply for National Securities Depository Limited (NSDL) IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find National Securities Depository Limited (NSDL) IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of National Securities Depository Limited (NSDL) IPO is Aug 4, 2025.
Ans. The National Securities Depository Limited (NSDL) IPO will be listed on Aug 6, 2025.
Ans. Follow the steps to check the allotment status for National Securities Depository Limited (NSDL) IPO here.
