National Securities Depository Limited (NSDL) IPO

National Securities Depository Limited (NSDL) IPO is listed on BSE, priced at ₹760–₹800 per share. The stock debuted at ₹880, delivering a listing gain of 10.0%. The IPO had a lot size of ₹18 shares and a minimum investment of ₹14,400.

National Securities Depository Limited (NSDL) IPO

Mainboard Listed
₹14,400 (18 Shares)
Minimum Investment
Check Allotment
IPO Dates
Jul 30, 2025 – Aug 1, 2025
Price band
₹760-800 per equity share
Minimum Investment
₹14,400
Issue size
₹4011.6 Cr
Lot size
18
Allotment Date
Aug 4, 2025
Listing
Aug 6, 2025
Listing At
BSE

IPO timeline

  1. Jul 30, 2025

    Open Date

    Completed

  2. Aug 1, 2025

    Close Date

    Completed

  3. Aug 4, 2025

    Allotment Date

    Completed

  4. Aug 6, 2025

    Listing Date

    Completed

Price Summary

Last closing
807.80 (0.97%)
52 week high
1,425.00
52 week low
788.00
Last update

National Securities Depository Limited (NSDL) IPO Essentials

National Securities Depository Limited (NSDL) IPO Details

National Securities Depository Limited (NSDL) IPO is priced at ₹760-800 per share with a total issue size of 4011.6 crore. The IPO has a lot size of 18 shares and is listed on BSE and NSE.

Issue price
₹760-800 per equity share
Lot size
18 shares
Face value
₹2 Per Equity Share
Issue size
OFS : 5,01,45,001 shares(aggregating up to ₹4,011.60 Cr)
Total issue size
5,01,45,001 shares
(aggregating up to ₹4011.6 crore)
Offer for sale (OFS)
5,01,45,001 shares
(aggregating up to ₹4011.6 crore)
Listing at
BSE
List price
880.0(BSE)
Listing date
Registrar
MUFG Intime India Private Limited (Link Intime)
Lead manager
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

Market Lot Size

Investors can bid for a minimum of 18 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 18 ₹14,400
Retail(max) 13 234 ₹1,87,200
sHNI(min) 14 252 ₹2,01,600
sHNI(max) 69 1,242 ₹9,93,600
sHNI(min) 70 1,260 ₹10,08,000

National Securities Depository Limited (NSDL) IPO Documents

National Securities Depository Limited (NSDL) IPO Reservation

National Securities Depository Limited (NSDL) IPO reservation details show category-wise allocation of shares. Out of the total 5,01,45,001 shares, approximately 19.97% are reserved for QIB, 14.97% for NII, 34.94% for retail investors, 0.17% for employees, and 29.95% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1,50,17,999 (29.95%)
QIB Shares Offered 1,00,12,000 (19.97%)
NII (HNI) Shares Offered 75,09,001 (14.97%)
bHNI > ₹10L 50,06,001 (9.98%) 19,865
sHNI < ₹10L 25,03,000 (4.99%) 9,932
Retail Shares Offered 1,75,21,001 (34.94%) 9,73,388
Employee Shares Offered 85,000 (0.17%)
Total Shares Offered 5,01,45,001 (100%)

National Securities Depository Limited (NSDL) IPO Analytics

National Securities Depository Limited (NSDL) IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

National Securities Depository Limited (NSDL) IPO Subscription Status

National Securities Depository Limited (NSDL) IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

As on QIB
NII
bHNI
sHNI
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
2.83x
2.26x
3.97x
1.87 x 1.78 x
Day 2 31-07-25 05:00 PM
1.96 x
11.08x
10.44x
12.36x
4.17 x 5.03 x
Day 3 01-08-25 05:00 PM
103.97 x
34.98x
37.73x
29.47x
7.72 x 41.00 x
Total No. of Applications
bHNI sHNI Retail
51,95,870 (Approx) 6.91x 26.63x 5x

National Securities Depository Limited (NSDL) Valuations

Earnings

EPS Pre IPO
₹17.16/-
P/E Pre IPO
46.63

Returns

ROE
17.11%
ROCE
22.70%
RoNW
17.11%
PAT Margin
22.35%

Fundamentals

Price / Book
7.98

Data sourced from DRHP / RHP • For educational purposes only

National Securities Depository Limited (NSDL) Financials( In Crs.)

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

National Securities Depository Limited (NSDL) Company & Offer Insights

About National Securities Depository Limited (NSDL)

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) 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

NSDL IPO: Institutional investors purchase Rs 1,201 crore shares through anchor book.
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.

National Securities Depository Limited (NSDL) IPO - Peers Comparison

P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
NSDL N/A N/A 17.11% 1535
CDSL 20.40 68.04 29.90% 1199

National Securities Depository Limited (NSDL) IPO - Strengths and Risks

National Securities Depository Limited (NSDL) IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

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.

Risks

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.

Contact Information

Contact Details

National Securities Depository Limited (NSDL)

+91 22 2499 4200

cs_nsdl@nsdl.com

https://nsdl.co.in/

Trade World, ‘A’ Wing, 4 th Floor, Kamala Mills Compound, Senapati Bapat Marg,Lower Parel (West), Mumbai, Maharashtra, 400013

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

nsdl.ipo@linkintime.co.in

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Frequently Asked Questions

Click any question to reveal the answer

National Securities Depository Limited (NSDL) IPO is a book-built IPO worth ₹4011.6 crore. The price band is ₹760–₹800 per share. The IPO opens on Jul 30, 2025 and closes on Aug 1, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited (Link Intime) is the registrar.

The price band of National Securities Depository Limited (NSDL) IPO is ₹760 to ₹800 per share.

The lot size of National Securities Depository Limited (NSDL) IPO is 18 shares.

The minimum investment for National Securities Depository Limited (NSDL) IPO is approximately ₹14,400 based on the upper price band .

National Securities Depository Limited (NSDL) IPO opens on Jul 30, 2025 and closes on Aug 1, 2025.

The allotment date of National Securities Depository Limited (NSDL) IPO is Aug 4, 2025.

National Securities Depository Limited (NSDL) IPO is expected to be listed on Aug 6, 2025, on BSE and NSE .

National Securities Depository Limited (NSDL) IPO listed on Aug 6, 2025. It was issued at ₹880.0(BSE) and is currently around ₹807.80 as on 22-May-2026 3:59 PM, which is approximately 1.0% versus issue price. The 52-week high is ₹1,425.00.

Based on listing and post-listing performance, National Securities Depository Limited (NSDL) IPO delivered around 1.0% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy National Securities Depository Limited (NSDL) IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

National Securities Depository Limited (NSDL) IPO valuation snapshot: P/E N/A, EPS ₹/-, P/B 7.98, RoNW 17.11%, and market cap N/A.

To apply for National Securities Depository Limited (NSDL) IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of National Securities Depository Limited (NSDL) IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for National Securities Depository Limited (NSDL) IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check National Securities Depository Limited (NSDL) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the National Securities Depository Limited (NSDL) IPO allotment status on IPO Ji for quick and easy access.