NSDL Shares Zoom Over 62% From IPO Price In 3-Day Rally

Shares of National Securities Depository Ltd (NSDL) has rallied over 62.5 per cent from its issue price in just three sessions. NSDL share price on August 8 touched a record high of Rs 1,342.60 per share on the BSE (formerly Bombay Stock Exchange), jumping over 19.5 per cent intraday from its previous close. At close, NSDL shares were at Rs 1,300.30 apiece, up 15.8 per cent from previous close.

NSDL share price had made its market debut on August 5, 2025 at Rs 880 per share, a premium of 10 per cent over its initial public offering (IPO) price of Rs 800 apiece.  From its listing price, the shares have rallied over 52.5 per cent.

NSDL was the most traded stock on the BSE on August 8, with more than 5.40 crore shares changing hands. The total turnover on the counter stood at Rs 6,923.43 crore, spread across over 1.02 lakh trades.

At the close of trade, NSDL’s market capitalisation stood at Rs 26,006 crore.

About NSDL

NSDL, set up in 1996, is India’s first and largest central securities depository. It plays a key role in the Indian capital markets by offering electronic securities settlement and custody services, which help reduce risks and increase efficiency in trading. The company is promoted by the National Stock Exchange (NSE), IDBI Bank, and UTI.

As of June 30, 2025, NSDL manages Rs 510.91 lakh crore in assets under custody, serves over 4 crore demat accounts through 289 depository participants, and operates 65,983 service centres across India.

Securities Depository Industry Outlook

India’s securities depository industry is undergoing strong structural growth, led by a sharp rise in demat accounts from 3.9 crore in FY19 to over 19.2 crore by FY25. This represents a compounded annual growth rate (CAGR) of 53 per cent. The growth in demat accounts has come on the heels of increasing retail participation in the markets, greater digital adoption, and regulatory steps to strengthen investor protection and market integrity.

According to Angel One, measures like shorter T+1 settlement cycles, mandatory demat accounts for unlisted public companies, and rising inflows into IPOs, exchange traded funds (ETFs), and mutual funds are pushing up volumes and improving compliance. These developments are expected to benefit depositories such as NSDL, the brokerage said in an IPO note on NSDL.

The brokerage believes the depository sector in India is well-positioned for long-term expansion, backed by deeper capital market participation, financial inclusion, and continued policy reforms.