National Securities Depository Ltd (NSDL) will launch its Initial Public Offering (IPO) on July 30. The public issue’s price band is yet to be announced.
NSDL IPO: Offer For Sale
NSDL IPO is a book-built issue consisting of an offer for sale of 5.01 crore shares. According to multiple media reports, the depository is targeting a valuation of $1.85 billion ( approximately Rs 16,000 crore).
NSDL OFS Participants
Existing shareholders of NSDL are set to pare their stake in the depository. IDBI Bank, National Stock Exchange of India (NSE), and State Bank of India (SBI) will participate in the OFS. According to the Red Herring Prospectus of the company, IDBI Bank will set as many as 2.22 crore shares, State Bank of India will also sell 40 lakh shares, and NSE will reduce its stake in NSDL by 1.8 crore shares. Private sector lender HDFC Bank and Union Bank will also sell up to 20 lakh and 5 lakh shares, respectively. Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) will also pare up to 34.15 lakh shares as a part of the offer-for-sale. Presently, the IDBI and NSE have 26.01 per cent and 24 per cent shareholding in NSDL.
NSDL IPO: Subscription window, allotment date, listing date
Investors can bid for NSDL ’s shares in the subscription window, which will open on Wednesday, July 30 and close on August 1. The share allocation status of the IPO will be finalised by August 4. Successful bidders will receive the shares in their demat accounts on August 5, and bidders who have not been allotted shares will receive refunds on the same day. NSDL’s shares are likely to make their debut on the BSE on August 6.
NSDL IPO Registrar
According to the depository’s RHP, the book-running lead manager for NSDL’s public issue is ICICI Securities Ltd. MUFG Intime India will be the registrar for the depository’s public issue.
NSDL Financials
NSDL ’s revenue for FY25 grew by over 12 per cent to Rs 1535.19 crore compared to Rs 1365.71 crore in the preceding fiscal. The Profit After Tax in the financial year ended March 31, 2025, grew over 24 per cent to Rs 343.12 crore compared to Rs 275.45 crore in the fiscal year ended March 31, 2024. The company’s net worth for FY25 surged nearly 19.07 per cent to Rs 2005.34 crore compared to Rs 1684.1 crore in the preceding financial year.
NSDL IPO: Objective
NSDL plans to achieve the benefits of listing its shares on the BSE. Securities Exchange Board of India norms dictate that one entity cannot hold over 15 per cent stake in a Market Infrastructure Institution. The public issue will also give the depository and NSDL shareholders a chance to pare their holding in the company.
About NSDL
NSDL was incorporated in the year 1996. The company is a Sebi registered MII. NSDL operates as a securities depository and maintains records of the transfer and ownership of various securities.
