National Securities Depository Limited Link 
Allotment
The NSDL IPO is a book-built issue aggregating to ₹4,010.95 crore and is entirely an offer for sale comprising 5.01 crore equity shares.
The IPO opened for subscription on July 30, 2025, and closed on August 1, 2025. The allotment was finalized on August 4, 2025, and the shares were listed on the BSE on August 6, 2025.
The price band for the NSDL IPO was fixed at ₹800 per share. The minimum application size was one lot of 18 shares, requiring an investment of ₹13,680 for retail investors. For small non-institutional investors (sNII), the minimum application was 14 lots (252 shares) amounting to ₹2,01,600, while for big non-institutional investors (bNII), it was 70 lots (1,260 shares) amounting to ₹10,08,000.
The issue also included a reservation of up to 85,000 shares for eligible employees, offered at a discount of ₹76 per share to the issue price.
ICICI Securities Ltd. acted as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. was appointed as the registrar.
₹800
0%
Open
₹800
HIgh - Low
₹800
Previous Close
₹800
Total Traded Value
0
52 Weeks High
₹800
52 Weeks Low
₹800
Updates On
Jul 21, 2025
IPO. Open
Jul 30, 2026
IPO. Close
Aug 1, 2026
IPO. Price
₹800.00
IPO Market price
₹16,000.00 Cr
IPO Details
| IPO Date | 6 Aug |
| IPO Listing Date | 6 Aug |
| IPO Face Value | ₹2 per share |
| IPO Price Range | ₹800.00 |
| IPO Issue Size | 5,01,45,001 shares |
| IPO Sale Type | Offer For Sale |
| Employee Discount | ₹76.0 |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE Platform |
| hare Holding Pre Issue | 20,00,00,000 shares |
IPO Timeline
| IPO Open Date | 30 Jul |
| IPO Close Date | 1 Aug |
| IPO Allotment (Tentative) | 4 Aug |
| Refunds | 5 Aug |
| Credit to Demat Account | 5 Aug |
| IPO Listing Date | 6 Aug |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 1,00,12,000 Shares |
| NII (HNI) Shares Offered | 75,09,001 Shares |
| Retail Shares Offered | 1,75,21,001 Shares |
IPO Lot Size
Investors can apply for a minimum of 18 shares and in multiples of 18 thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,400 |
| Retail (Max) | 13 | 234 | ₹1,87,200 |
| S-HNI (Min) | 14 | 252 | ₹2,01,600 |
| S-HNI (Max) | 69 | 1,242 | ₹9,93,600 |
| B-HNI (Min) | 70 | 1,260 | ₹10,08,000 |
Incorporated in 2012, National Securities Depository Limited (NSDL) is a SEBI-registered Market Infrastructure Institution (MII) and one of the key pillars of India’s securities market ecosystem.
Business Overview
NSDL functions as a securities depository, maintaining electronic records of securities allotment and ownership transfers. Its core services include dematerialization of securities, settlement of trades, off-market transfers, pledging of securities, corporate action processing, and comprehensive asset servicing for securities held in dematerialized form. The company also offers value-added services such as e-voting, consolidated account statements (CAS), and non-disposal undertakings (NDU).
Subsidiaries
NSDL Database Management Limited (NDML): Provides technology-driven solutions across e-governance, regulatory platforms, KYC services, insurance repositories, and collaborative industry platforms. NDML also manages Special Economic Zone (SEZ) automation and the National Skills Registry.
NSDL Payments Bank Limited (NPBL): Operates as a business-to-business payments bank, offering digital banking solutions including savings accounts, domestic remittances, AePS, micro-ATMs, prepaid cards, UPI, POS services, and distribution of third-party products such as insurance and mutual funds.
Key Metrics (as of March 31, 2025)
Active demat accounts: 39.45 million
Registered depository participants: 294
Registered issuers: 33,758
Account holders spread across over 99% of Indian PIN codes and 186 countries
Competitive Strengths
India’s first and leading depository with a broad portfolio of technology-driven businesses
Strong emphasis on continuous, technology-led product innovation
Robust IT infrastructure, risk management systems, and cyber-security frameworks ensuring system integrity and safety
Stable revenue model with a significant proportion of recurring income
Well-diversified business verticals and a wide range of asset classes held in dematerialized form
Experienced and seasoned senior management team
Company Financials (Consolidated)
| Assets | 2,984.84 | 2,257.74 | 2,093.48 |
| Total Income | 1,535.19 | 1,365.71 | 1,099.81 |
| Profit After Tax | 343.12 | 275.45 | 234.81 |
| EBITDA | 492.94 | 381.13 | 328.6 |
| NET Worth | 2,005.34 | 1,684.10 | 1,428.86 |
| Reserves and Surplus | 232.31 | 216.32 | 199.08 |
| Total Borrowing | - | - | - |
Key Performance Indicator (KPI)
| ROE | 17.11% |
| ROCE | 22.70% |
| Debt/Equity | - |
| RoNW | 17.11% |
| PAT Margin | 22.35% |
| EBITDA Margin | 23.95% |
| Price to Book Value | 7.98 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
National Securities Depository Ltd. Address
3rd Floor, Naman Chamber,
Plot C-32, G-Block,
Bandra Kurla Complex, Bandra East,
Mumbai, Maharashtra, 400051
+91 22 2499 4200
cs_nsdl@nsdl.com
https://nsdl.co.in/
Detail Registrar
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
nsdl.ipo@linkintime.co.in
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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