The National Securities Depository Limited (NSDL) IPO launches today, July 24, 2025, with a ₹3,500–₹4,000 crore valuation. Amid global tensions and local legal developments, this market giant’s public debut is making waves. Discover the details, financials, and risks before you invest!
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The National Securities Depository Limited (NSDL), India’s leading securities depository, opened its Initial Public Offering (IPO) on July 24, 2025. Valued at approximately ₹3,500–₹4,000 crore, the IPO consists of a 100% Offer for Sale (OFS) of 5.72 crore equity shares. As global and local news—from geopolitical unrest to judicial rulings—shapes market sentiment, NSDL’s debut is a focal point for investors. Here’s a breakdown of the IPO and the latest news influencing its launch.
NSDL IPO Overview
- IPO Open Date: July 24, 2025
- IPO Close Date: July 28, 2025
- Allotment Date: July 29, 2025
- Listing Date: July 31, 2025 (BSE and NSE)
- Issue Size: 5,72,60,001 equity shares (₹3,500–₹4,000 crore)
- Price Band: ₹750–₹800 per share (estimated)
- Retail Quota: 35%
- Lot Size: To be confirmed
- Lead Managers: ICICI Securities, Dam Capital Advisors, Jefferies India, Nomura Financial Advisory, Nuvama Wealth Management, SBI Capital Markets
- Registrar: MUFG Intime India Private Limited
This IPO is an OFS, meaning shareholders like IDBI Bank, NSE, SBI, HDFC Bank, and Union Bank of India will sell their stakes, with proceeds going to them, not NSDL. The listing aims to boost NSDL’s market presence and share liquidity.
What Makes NSDL Unique
Since its inception in 1996, NSDL has been a cornerstone of India’s financial system, enabling the shift to electronic securities through dematerialization. It manages over 31.46 million demat accounts across 99% of India’s pin codes and 186 countries (as of March 2023). NSDL’s services include trade settlement, e-voting, corporate actions, and account statements, supported by 283 depository participants and over 36,000 service centers.
Financial Highlights
NSDL’s financial performance is strong:
- Revenue: ₹1,535 crore in FY25 (from ₹1,099.81 crore in FY23)
- Profit After Tax (PAT): ₹343 crore in FY25 (from ₹234.81 crore in FY23)
- Revenue Growth (2021–2023): ₹467.57 crore to ₹1,021.99 crore
- PAT Growth (2021–2023): ₹188.57 crore to ₹234.81 crore
Stable income from custody fees, maintenance charges, and transaction fees underpins its growth, though a slight dip in Return on Net Worth (RoNW) is a consideration.
Potential Risks
- Valuation Concerns: The ₹15,000–₹16,000 crore valuation may limit short-term gains.
- Competition: Central Depository Services Limited (CDSL) offers stronger RoNW and NAV metrics.
- Market Trends: A decline in securities demand could affect NSDL’s revenue.
- Tech Challenges: Failure to keep pace with technological advancements may pose risks.
Latest News Impacting the IPO
- India: The Supreme Court issued a stay on a Bombay High Court ruling acquitting 12 convicts in the 2006 Mumbai train blasts case, highlighting ongoing judicial activity that could influence investor confidence. Additionally, controversy surrounds an Ahmedabad plane crash, with conflicting reports about mishandled victim remains, potentially affecting public sentiment.
- Global: Escalating Ukraine-Russia tensions, with renewed drone attacks after failed peace talks, are stoking global market uncertainty, which could impact IPO performance.
- Investor Sentiment: Social media discussions on platforms like X show excitement for NSDL’s market leadership but caution about its valuation, reflecting mixed investor expectations.
Is the NSDL IPO Worth It?
NSDL’s dominant position and consistent growth make it a solid long-term bet, but the high valuation and competitive landscape suggest modest listing gains. Retail investors, with access to a 35% quota, should await final price band details and seek professional advice. Global and local news adds uncertainty, so careful analysis is essential.
Table: NSDL IPO at a Glance
| Detail | Information |
|---|---|
| IPO Open Date | July 24, 2025 |
| IPO Close Date | July 28, 2025 |
| Allotment Date | July 29, 2025 |
| Listing Date | July 31, 2025 (BSE, NSE) |
| Issue Size | 5,72,60,001 equity shares (₹3,500–₹4,000 Cr) |
| Price Band | ₹750–₹800 (estimated) |
| Retail Quota | 35% |
| Lot Size | To be confirmed |
| Registrar | MUFG Intime India Private Limited |
| Lead Managers | ICICI Securities, Dam Capital, Jefferies, Nomura, Nuvama, SBI Capital |
FAQ
1. What is the NSDL IPO?
The NSDL IPO is a 100% Offer for Sale of 5.72 crore equity shares by shareholders like IDBI Bank, NSE, and SBI, aiming to list on BSE and NSE with a ₹3,500–₹4,000 crore valuation.
2. When can I apply?
You can apply from July 24 to July 28, 2025, through brokers like Zerodha or Groww using UPI or ASBA.
3. How do I check allotment status?
Visit the BSE website or the registrar’s portal (Link Intime) after July 29, 2025.
4. Is NSDL a good investment?
NSDL’s strong fundamentals are appealing, but its high valuation and competition from CDSL are risks. Consult a financial advisor before investing.
5. What’s the Grey Market Premium (GMP)?
GMP details are pending but will be available closer to the IPO. Check reliable sources for updates.
Disclaimer
Investing in IPOs involves risks, including market fluctuations and regulatory changes. This article is for informational purposes only and not financial advice. Always conduct independent research and consult a certified financial advisor before making investment decisions.
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Chandrashekhar is the founder and chief editor of StockMarketTodayNews.com,{Stock Market Today News} a dedicated platform providing fast, accurate, and insightful updates on the Indian and global stock markets. With a passion for financial journalism and a deep understanding of market dynamics, Chandrashekhar aims to make stock market news accessible to everyone — from beginners to experienced investors.
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