National Securities Depository Limited (NSDL) is a SEBI-registered market infrastructure institution (MII) offering a wide range of products and services to the financial and securities markets in India. It pioneered the dematerialization of securities in India and is the largest depository in India in terms of the number of issuers, number of active instruments, market share in demat value of settlement volume, and value of assets held under custody.
The core functions of NSDL are as follows:
Maintaining allotment and transfer of ownership records
Facilitating asset servicing
Transaction and other services.
Additionally, it provides additional services like e-voting services, consolidated account statements (CAS), and non-disposal undertakings (NDU). It has 2 subsidiaries: NSDL Database Management Limited (NDML) and NSDL Payments Bank Limited (NPBL). NDML services like the automation and e-governance project for special economic zones and a national skills registry that seeks to build a credible record of the employees working in the IT / ITeS industry. NPBL operates a payments bank business and focuses on financial inclusion.
IPO schedule
Issue open date
2025-07-30
Issue close date
2025-08-01
UPI mandate deadline
2025-08-01 (5 PM)
Allotment finalization
2025-08-04
Refund initiation
2025-08-05
Share credit
2025-08-05
Listing date
2025-08-06
Mandate end date
2025-08-18
Lock-in end date for anchor investors (50%)
2025-09-01
Lock-in end date for anchor investors (remaining)
2025-11-02
Financials
Financial year ended
March 2023
March 2024
March 2025
Total assets
2093.47
2257.73
2984.84
Revenue
1099.81
1365.70
1535.19
Profit After Tax
234.81
275.44
343.12
Issue size
Funds Raised in the IPO
Amount
Overall
â‚ą4011.60 crores
Offer for sale
â‚ą4011.60 crores
Utilisation of proceeds
Purpose
INR crores (%)
Carry out the Offer for Sale of up to 50,145,001 Equity Shares of face value of â‚ą 2 each aggregating to â‚ą [â—Ź] million by the Selling Shareholders
Achieve the benefits of listing the Equity Shares on BSE
Strengths
India’s first and leading technology-driven depository.
Strong emphasis on technology-led product innovation.
Robust IT infrastructure with advanced risk management and cybersecurity.
Stable revenue base with high recurring income component.
Wide range of asset classes held in demat accounts.
Well-diversified business verticals.
Risks
Dependence on transaction-based revenue sensitive to market trading volumes.
Vulnerability to IT system disruptions or cybersecurity breaches.
Reliance on depository participants for business operations and growth.
Subsidiary NDML subject to multiple regulatory compliance risks.
Past SEBI observations and risk of future regulatory warnings or deficiencies.
Pending legal proceedings involving the Company, its Directors, and Subsidiaries.
Seems to be a typo, this is 100% OFS (Offer for sale)
this is a ₹4,011 crore offer-for-sale (OFS), where existing shareholders like IDBI Bank, NSE, SUUTI (Specified Undertaking of the UTI) are offloading part of their stake. NSDL won’t receive a rupee from it.
