Bookbuilding IPO | ₹4,011 Cr | Listed at BSE | Wed, Jul 30, 2025 - Fri, Aug 1, 2025
NSDL IPO is a book build issue of ₹4,010.95 crores. The issue is entirely an offer for sale of 5.01 crore shares of ₹4,010.95 crore.
NSDL IPO bidding started from Jul 30, 2025 and ended on Aug 1, 2025. The allotment for NSDL IPO was finalized on Aug 4, 2025. The shares got listed on BSE on Aug 6, 2025.
NSDL IPO price band is set at ₹800 per share. The lot size for an application is 18. The minimum amount of investment required by an retail is ₹14,400 (18 shares) (based on upper price). The lot size investment for sNII is 14 lots (252 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (1,260 shares), amounting to ₹10,08,000.
The issue includes a reservation of up to 85,000 shares for employees offered at a discount of ₹76.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to NSDL IPO RHP for detailed Information.
IPO Open
Wed, Jul 30, 2025
IPO Close
Fri, Aug 1, 2025
Issue Price
₹800 per share
Market Cap (Pre-IPO)
₹16,000.00 Cr
| IPO Date | 30 Jul to 1 Aug, 2025 |
| Listed on | Wed, Aug 6, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹760 to ₹800 |
| Issue Price | ₹800 per share |
| Lot Size | 18 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Employee Discount | ₹76.00 |
| Total Issue Size | 5,01,45,001 shares (agg. up to ₹4,011 Cr) |
| Offer for Sale | 5,01,45,001 shares of ₹2 (agg. up to ₹4,011 Cr) |
| Share Holding Pre Issue | 20,00,00,000 shares |
| Share Holding Post Issue | 20,00,00,000 shares |
| BSE Script Code | 544467 |
| ISIN | INE301O01023 |
NSDL IPO offers total 5,01,45,001 shares. Out of which 2,50,29,999 (49.92%) allocated to QIB, 1,00,12,000 (19.97%) allocated to QIB (Ex- Anchor), 75,09,001 (14.97%) allocated to NII 1,75,21,001 (34.94%) allocated to RII and 1,50,17,999 (29.95%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 2,50,29,999 (49.92%) | NA |
| − Anchor Investor Shares Offered | 1,50,17,999 (29.95%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,00,12,000 (19.97%) | NA |
| NII (HNI) Shares Offered | 75,09,001 (14.97%) | NA |
| − bNII > ₹10L | 50,06,001 (9.98%) | 19,865 |
| − sNII < ₹10L | 25,03,000 (4.99%) | 9,932 |
| Retail Shares Offered | 1,75,21,001 (34.94%) | 9,73,388 |
| Employee Shares Offered | 85,000 (0.17%) | NA |
| Total Shares Offered | 5,01,45,001 (100.00%) |
Investors can bid for a minimum of 18 shares and in multiples thereof.
| Application | Lots | Shares | 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 |
NSDL IPO raises ₹1,201.44 crore from anchor investors. NSDL IPO Anchor bid date is July 29, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 29, 2025 |
| Shares Offered | 1,50,17,999 |
| Anchor Portion (₹ Cr.) | 1,201.44 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Sep 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Nov 1, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 2 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2012, National Securities Depository Limited (NSDL) is SEBI-registered Market Infrastructure Institution (MII).
Core Activities:
Subsidiaries:
Key Figures (as of March 31, 2025):
Competitive Strengths:
National Securities Depository Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 25% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 | 328.60 |
| NET Worth | 2,005.34 | 1,684.10 | 1,428.86 |
| Reserves and Surplus | 232.31 | 216.32 | 199.08 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 17.11% |
| ROCE | 22.7% |
| RoNW | 17.11% |
| PAT Margin | 22.35% |
| EBITDA Margin | 23.95% |
| Price to Book Value | 7.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 17.16 | |
| P/E (x) | 46.63 | |
| Market Cap | ₹16,000.00 Cr. |
The NSDL IPO is subscribed 41.02 times on August 1, 2025 5:04:44 PM (Day 3). The public issue subscribed 7.76 times in the retail category, 103.97 times in the QIB category, and 34.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 103.97 | 1,00,12,000 | 1,04,09,16,654 |
| NII | 34.98 | 75,09,001 | 26,26,54,614 |
| bNII (bids above ₹10L) | 37.73 | 50,06,001 | 18,88,92,540 |
| sNII (bids below ₹10L) | 29.47 | 25,03,000 | 7,37,62,074 |
| Retail | 7.76 | 1,75,21,001 | 13,59,55,530 |
| Employee | 15.39 | 85,000 | 13,07,970 |
| Total | 41.02 | 3,51,27,002 | 1,44,08,34,768 |
Total Application : 51,99,261
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers fees and commissions (including any underwriting commission, brokerage and selling commission) | 81.60 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs | 12.98 |
| 3 | Fees payable to Registrar to the Offer | 0.91 |
| 4 | Others, (a) regulatory filing fees, including SEBI and BSE fees, book building software fees, listing fees and other regulatory expenses. | 20.18 |
| 5 | (b) printing and distribution of issue stationery | 2.62 |
| 6 | (c) fee payable to legal advisors | 17.29 |
| 7 | (d) advertising and marketing expenses | 13.65 |
| 8 | (e) other advisors to the Offer such as Statutory Auditors, independent chartered accountant and CRISIL to provide an industry report exclusively in connection with the Offer. | 8.19 |
| 9 | (f) miscellaneous | 4.23 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹800.00 |
| Open | ₹880.00 |
| Low | ₹880.00 |
| High | ₹943.85 |
| Last Trade | ₹936.00 |
Lead Manager Reports
NSDL IPO is a main-board IPO of 5,01,45,001 equity shares of the face value of ₹2 aggregating up to ₹4,011 Crores. The issue is priced at ₹800 per share. The minimum order quantity is 18.
The IPO opens on Wed, Jul 30, 2025, and closes on Fri, Aug 1, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in NSDL IPO using UPI as a payment gateway. Zerodha customers can apply in NSDL IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NSDL IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NSDL IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025.
NSDL IPO lot size is 18, and the minimum amount required for application is ₹14,400.
You can apply in NSDL IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for NSDL IPO will be done on Monday, August 4, 2025, and the allotted shares will be credited to your demat account by Tue, Aug 5, 2025. Check the NSDL IPO allotment status.
The NSDL IPO listing date is on Wed, Aug 6, 2025.
