NSDL IPO
National Securities Depository Limited (NSDL), one of India’s most trusted financial market infrastructure institutions, is all set to hit the capital markets with its initial public offering (IPO) on Wednesday, July 30, 2025. The public issue will remain open for bidding until Friday, August 1, 2025. This move marks a significant milestone for the depository, which plays a central role in India’s securities ecosystem.
NSDL IPO Details
The IPO is entirely an offer for sale (OFS) of equity shares by existing shareholders. With a price band fixed between ₹760 and ₹800 per share, the issue aims to raise up to ₹4,011.60 crore at the upper price point. Each equity share has a face value of ₹2. Since it is a pure OFS, NSDL will not receive any direct proceeds; instead, the offering is intended to facilitate listing benefits and offer an exit route for existing stakeholders.
NSDL IPO Lot Size Employee Discount
Investors can participate through a book-building process. The shares will be listed exclusively on the BSE. The minimum application size for retail investors is one lot consisting of 18 shares, translating to an investment of ₹14,400 at the top price. Retail investors can apply for up to 13 lots, amounting to 234 shares and ₹1,87,200. For High Net Worth Individuals (HNIs), the small HNI category starts at 14 lots (252 shares) worth ₹2,01,600, while the big HNI category begins at 70 lots (1,260 shares) requiring an investment of ₹10,08,000. Notably, eligible employees will receive a discount of ₹76 per share.
NSDL Financial
NSDL has shown consistent financial growth over the years. In FY25, the company reported a revenue of ₹1,535.19 crore and a net profit of ₹343.12 crore, reflecting a 25% jump in profit and 12% increase in revenue compared to FY24. These results highlight the company’s strong operational footing and healthy profitability.
NSDL Company Details
Established in 2012, NSDL is registered with SEBI as a Market Infrastructure Institution (MII). It functions as a central securities depository in India, enabling electronic recordkeeping and settlement of securities. The organisation facilitates dematerialisation of shares and supports corporate actions such as rights issues, dividends, and mergers, contributing significantly to the efficiency of capital markets.
NSDL IPO Timeline & Reservations
The IPO is scheduled to open on July 30 and close on August 1. Allotments are expected to be finalised by August 4, with the listing slated for August 6, 2025. The offering has been structured with specific quotas: at least 35% for retail individual investors (RIIs), at least 15% for non-institutional investors (NIIs), and up to 50% for qualified institutional buyers (QIBs).
ICICI Securities Limited is the appointed book-running lead manager for the IPO, while Link Intime India Private Limited will act as the registrar to the issue.