NSDL IPO

About National Securities Depository Ltd.

National Securities Depository Limited (NSDL) is India's leading market infrastructure institution, registered with the Securities and Exchange Board of India (SEBI). Since the enactment of the Depositories Act in 1996, NSDL has been at the forefront of transforming India's securities market by introducing the dematerialisation of securities. This revolutionary step occurred in November 1996, marking a significant milestone in the Indian financial landscape.

NSDL operates as a robust depository, providing a comprehensive framework that enables market participants to engage in India's financial and securities markets. The institution plays a central role in developing innovative products and services to address the evolving needs of the financial services industry in the country.

With its focus on utilising cutting-edge and flexible technology systems, NSDL supports investors, brokers, and other market participants in the Indian capital markets. The primary objective of NSDL is to ensure the safety and soundness of the Indian securities market. It achieves this by developing settlement solutions that enhance efficiency, minimise risk, and reduce costs for all stakeholders.

National Securities Depository Limited IPO Details

National Securities Depository Limited IPO is an offer of sale comprising 5,72,60,001 equity shares. The price band, lot size and other details are yet to be announced. The IPO will list on BSE.

National Securities Depository Limited IPO Objectives 

The company proposes to use the net proceeds from the issue towards:

• Carrying out the offer for sale of up to 5,72,60,001 equity shares million by the selling shareholders.
• Achieve the benefits of listing the equity shares on BSE.

Peer Details

Central Depository Services Limited is a listed peer company operating in the same business line.

Highlights of National Securities Depository Ltd

• As of March 31, 2023, NSDL has over 31.46 million active demat accounts held with 283 registered depository participants. Its account holders were located in more than 99% of pin codes in India and 186 countries across the world.
• The company has an established track record of growth in revenue and profits. Between financial years 2021 and financial years 2023, NSDL’s revenue from operations grew from ₹4,675.69 million to ₹10,219.88 million, and its profit after tax grew from ₹1,885.65 million to ₹2,348.11 million.
• NSDL’s EBITDA also grew at a CAGR of 11.41% from ₹2,644.62 million in financial year 2021 to ₹3,282.50 million in financial year 2023.