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NSDL IPO

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Open Date

30 Jul 2025

Close Date

1 Aug 2025

Min Investment

₹ 14,400

Lot Size

18

Issue Size

₹ 4011.60 Cr

Price Range

₹ 760 - ₹ 800

Subscribed

41 x
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
30 Jul 2025
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IPO Offer Ends
1 Aug 2025
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Allotment Finalisation
4 Aug 2025
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Refund Initialisation
5 Aug 2025
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Non-Institutional Buyers (sHNI)
5 Aug 2025
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Listing of Shares
6 Aug 2025
IPO Subscription Details as on 18 May 2026, 04:41 PM
Qualified Instituational Buyers (QiB)
103.97 x
Retail
7.72 x
Employees
15.38 x
Total
41 x
Non-Institutional Buyer (bHNI)
37.73 x
Non-Institutional Buyer (sHNI)
29.46 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is India's first and leading depository, operating a wide range of technology-driven businesses. The company has a strong focus on technology-led product innovation and maintains robust IT infrastructure, risk management frameworks, and cyber-security measures. The company has a stable revenue base with a significant proportion of recurring revenue. It offers diversified asset classes held in Demat Accounts and well-diversified business verticals. The company aims to continue focusing on growth potential and increase market penetration by leveraging its strengths. It plans to continue investing in and upgrading IT infrastructure systems for enhanced operational efficiency, diversify offerings, enhance database management business, and increase the market share of its payments bank business.
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Founded In

2012

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Director

Parveen Kumar Gupta

Financials of National Securities Depository IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue1,02,198.801,26,824.401,42,014.60
Other Income7,782.609,746.1011,504.10
Total Income
1,09,981.401,36,570.501,53,518.70
Total Expenses
78,993.501,00,939.201,08,414.00
Profit Before Tax30,504.2035,495.0045,344.30
Total Profit
23,481.0027,544.5034,312.40

All figures are in lakhs (₹)

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Utilisation of Proceeds

All figures are in lakhs (₹)

PurposeAmount
The Company aims to achieve the benefits of listing its Equity Shares on BSE. The proposed listing is expected to enhance the visibility and brand image, while also providing a public market for its Equity Shares in India.-
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  • India's first and leading depository operating a wide range of technology-driven businesses: The company is India's first and leading depository and is the largest depository in India in terms of number of issuers, number of active instruments, market share in demat value of settlement volume and value of assets held under custody as of March 31, 2025. It introduced the concept of dematerialization of securities in India and was one of the initial few depositories globally to directly implement dematerialization. The company's scripless book entry system played a pivotal role in enabling the gradual reduction of settlement cycles and implementation of rolling settlements in India.
  • Strong focus on technology-led product innovation: The company has consistently invested in technology, enabling the development of a state-of-the-art depository system. It has introduced several innovative products and services like instant messaging alerts, Speed-e for electronic submission of depository transactions, STeADY for trade information exchange, IDeAS for online access to depository accounts, blockchain-based security and covenant monitoring platform, digital commercial paper issuance mechanism, and more.
  • Robust IT infrastructure, risk management frameworks and cyber-security measures: The company has implemented a comprehensive risk management system incorporating principles prescribed by CPMI-IOSCO. It has established a security operations center with 24/7 monitoring, implemented patch management solutions, augmented backup solutions, introduced airgap solutions, and strengthened its IT security framework with technologies like Extended Detection and Response. The company conducts routine audits and has acquired comprehensive insurance coverage against risks.
  • Stable revenue base with a significant proportion of recurring revenue: The company's core depository services provide a steady source of recurring revenues, including annual custody fees charged to issuers and annual fees charged to depository participants. For the Financial Year 2025, the company's recurring revenue from its depository business was ₹2,612.72 million.
  • Diversified Asset Classes held in Demat Accounts and Well-diversified Business Verticals: The company holds a strong position in the depository market with diverse asset classes held in demat accounts, including equities, preference shares, warrants, funds, debt instruments, and more. As of March 31, 2025, NSDL held approximately 85.06% and 86.81% of total securities in terms of numbers and values, respectively. The company also offers various services through its subsidiaries NDML and NPBL.
  • Experienced senior management team: The company's management team comprises qualified and experienced professionals with an average experience of over two decades. The team is led by Vijay Chandok, Managing Director and Chief Executive Officer, who has over 31 years of experience in the financial services industry in India.

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