The Rs 3,000 crore IPO planned by the country’s largest securities depository is one of the most awaited ones this year.
The IPO is entirely an offer for sale (OFS) of 5.72 crore shares. Six existing shareholders will dilute their stakes, including National Stock Exchange (NSE), IDBI Bank, and HDFC Bank. NSE currently holds a 24% stake in NSDL.
The company had filed its draft prospectus with the Sebi in 2023 and received approval for the same this year.
NSDL is one of the largest central securities depositories in the world. It provides a wide range of services to various stakeholders in the financial market, including investors, stock brokers, custodians, and issuer companies.
These services include opening, maintaining, and transmitting demat accounts, dematerialization of securities, transfer of shares, and distribution of non-cash corporate benefits.As of February 2025, NSDL has more than 3.91 crore active client accounts and holds a significant market share of over 80% in the value of demat assets in India. NSDL’s infrastructure supports the implementation of advanced settlement cycles, such as T+1, further enhancing market efficiency.The company’s financials also remain robust with a recent 30% year-on-year surge in Q3 net profit to Rs 86 crore. Total income rose 16% to Rs 391 crore.
Post the IPO, the stock would be listed on BSE. The IPO includes a reservation of equity shares for subscription by eligible employees.
