NSDL IPO Listing Live Updates: Valuations likely to be at a discount to CDSL post debut
Published on 06/08/2025 08:00 AM
– NSDL reported revenue of ₹1,420 crore in financial year 2025
– The company’s revenue CAGR has grown at 18% over financial year 2023-2025
– Operating profit margin for the year gone by stood at 26.4%
– Net profit in FY25 for NSDL stood at ₹343 crore and has grown at a 21% CAGR over the last three years
Both NSDL and CDSL are depository service providers, but there is a difference in their business model.
NSDL leans on institutions and unlisted companies, while CDSL thrives on India’s booming retail wave.
NSDL runs two wholly-owned subsidiaries. NSDL Database Management Ltd. delivers e-governance and tech solutions from SEZ Online, Insurance Repository, to digital onboarding.
NSDL Payments Bank Ltd. offers digital banking, prepaid cards, merchant acquisition, and third-party product distribution.
NSDL is India’s very first securities depository and remains the largest – It oversees the highest number of issuers, active instruments, and total asset value under custody.
Think of it as a bank, but for securities: your stocks, bonds, mutual funds, and more, all held safely in demat form.
– NSDL’s ₹4,011 crore IPO was subscribed 41 times the total number of shares on offer
– The portion reserved for institutional investors was subscribed 104 times
– The portion reserved for non-institutional investors was subscribed 35 times
– Retail portion was subscribed 8 times, while the employee portion was subscribed 16 times
NSDL sold shares at ₹800 apiece to investors during the three-day IPO, which was purely an Offer for Sale (OFS).
This means that the company will not receive any proceeds from the issue.
At the upper price band, NSDL will command a market cap of around ₹16,000 crore, with listing slated exclusively on the BSE.
Good Morning!
The shares of National Securities Depository Ltd. will be making their stock market debut today.
The three-day IPO worth ₹4,011 crore had received healthy subscription.
Watch this space for all the live updates.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.