National Securities Depository Ltd. IPO

NSDL IPO is a book-built offer of Rs 4,011.60 crores, consisting entirely of an offer for sale of 5.01 crore shares. The IPO opens for subscription on July 30, 2025, and closes on August 1, 2025. The allotment is expected on August 4, with a tentative listing date on BSE set for August 6, 2025. The price band is fixed at Rs 760 to Rs 800 per share. Retail investors can apply with a minimum investment of Rs 13,680 for 18 shares. For sNII, the minimum application is Rs 2,01,600 (252 shares), and for bNII, it is Rs 10,08,000 (1,260 shares). ICICI Securities is the lead manager, and Link Intime is the registrar for the issue.

National Securities Depository Ltd. IPO Details

Check out the issue details for National Securities Depository Ltd. IPO as disclosed in SEBI.

Price Band

₹ 760 - 800

Issue Size

4011.6 Cr.

Issue Type

Book Built

Open

2025-07-30

Close

2025-08-01

Company Financials

You can get the following financial statements of National Securities Depository Ltd. as of now.

NSDL IPO Details

The details about the NSDL IPO are as follows:

  • The issue size of the IPO is 5.01 Cr shares.
  • The price band for NSDL IPO is Rs 760 to Rs 800.
  • The shares of NSDL IPO will list on BSE and NSE on 6th August 2025.
  • The latest tentative GMP of NSDL IPO is Rs 137.
  • The shares of NSDL IPO are subscribed _ Times.
  • Visit Zerodha to Apply for NSDL IPO now. 

 

NSDL IPO Valuation

The approximate valuation of NSDL IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 800
Existing Shares (Qty) 20 Cr 
Fresh Issue Rs 0 Cr
Market Cap Rs 16,000 Cr
EPS (FY25) Rs 17.16
PE Ratio 46.62x
Industry PE 68.04x

 

NSDL IPO Issue Size

NSDL IPO issue size is Rs 4011.60 Cr.

Issue Amount
Fresh Issue Rs 0 Cr
Offer For Sale Rs 4011.60 Cr

 

NSDL IPO Market Lot

An individual can apply for a minimum of 1 lot of 18 shares and a maximum of 13 lots (234 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 18 Rs 14,400
Retail Maximum 13 234 Rs 1,87,200

 

NSDL IPO Share Offer

The shares of NSDL IPO are subscribed _ Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not more than 15%
Retail Individual Not more than 35%

 

NSDL IPO GMP (Grey Market Premium)

As on GMP (Tentative)
25 July 2025 Rs 167
28 July 2025 Rs 137

NSDL IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

NSDL IPO Dates

Find below the dates for NSDL IPO

Schedule Date
Basis of Allotment 4 Aug 2025
Refunds 5 Aug 2025
Credit to Demat Account 5 Aug 2025
IPO Listing Date 6 Aug 2025

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 249.59 335.58 369.28 409.17 473.06
Total Expenditure 147.74 154.99 179.95 203.4 231.49
Operating Profit 101.84 180.59 189.33 205.77 241.57
Other Income 40.87 53.12 58.04 76.34 98.4
Interest 0.14 0.11 1.61 0.1 0.1
Depreciation 4.76 7.43 9.98 10.34 12.35
Exceptional Items 0 0 0 0 0
Profit Before Tax 137.81 226.16 235.78 271.68 327.52
Provision for Tax 29.4 50.03 52.2 60.86 69.44
Net Profit 108.41 176.14 183.59 210.82 258.08
Adjusted EPS (Rs.) 2.71 4.4 4.59 1.05 1.29

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 40 40 40 40 40
Total Reserves 717.23 877.73 1040.41 1231.59 1468.57
Borrowings 0 0 0 0 0
Other N/C liabilities 0.04 -0.64 -2.11 -2.66 -3.52
Current liabilities 168.89 331.04 320.75 358.1 332.86
Total Liabilities 926.17 1248.14 1399.04 1627.02 1837.9
Assets
Net Block 22.38 34.65 34.51 33.44 247.76
Capital WIP 0 0 0 0.24 0.41
Intangible WIP 0 6.52 0 2.79 8.63
Investments 682.44 677.07 718.07 1107.81 1188.76
Loans & Advances 24.74 11.13 10.97 19.88 39.62
Other N/C Assets 0.91 115.93 166.15 14.37 19.66
Current Assets 195.7 402.84 469.34 448.49 333.06
Total Assets 926.17 1248.14 1399.04 1627.02 1837.9
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 137.81 226.16 235.78 271.68 327.52
Adjustment -18.5 -20.32 -17.33 -35.63 -51.3
Changes in Assets & Liabilities 1.83 -177.72 -37.94 164.38 -36.56
Tax Paid -35.04 -41.42 -62.23 -67.15 -69.52
Operating Cash Flow 86.1 -13.3 118.28 333.28 170.13
Investing Cash Flow -98.95 28.73 -87.11 -320.9 -151.26
Financing Cash Flow -14.47 -16 -20 -20 -20
Net Cash Flow -27.32 -0.57 11.18 -7.62 -1.12
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