NSDL IPO

The NSDL IPO is a book-building public issue comprising 5.01 crore equity shares. This entire offering is an Offer for Sale (OFS), meaning that existing shareholders will sell their shares, and the company will not receive any fresh capital from this issue. This move allows the selling shareholders to partially exit or monetise their holdings while opening the company to public ownership.

As of now, the specific dates for the IPO, including the opening and closing of the subscription window, have not been announced. Similarly, the price band for the IPO is yet to be declared, which will indicate the price range within which investors can place their bids.

The allotment of shares for the NSDL IPO is expected to be finalised after the subscription period, though the exact date will be confirmed closer to the issue launch. The IPO will be managed by a consortium of leading investment banks including ICICI Securities Limited, Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, IDBI Capital Market Services Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited. MUFG Intime India Private Limited (Link Intime) will serve as the registrar to the issue. For complete details, refer to the NSDL IPO Draft Red Herring Prospectus (DRHP).

Industry Outlook

1. India’s capital markets have experienced robust expansion between FY17 and FY23. The number of demat accounts surged from 27.85 million to 114.5 million, growing at a 26.57% CAGR. NSE-listed companies' market capitalisation also increased at a 14% CAGR during the same period, indicating rising investor participation and deepening financial markets.

2. Mutual fund AUM grew from ₹17,456 billion in FY17 to ₹39,420 billion in FY23, at a 14% CAGR. SIP contributions rose from ₹439 billion to ₹1,560 billion, marking a 24% CAGR. The growing adoption of SIPs and mutual fund products reflects higher retail engagement and financial literacy.

3. The total volume of equity offerings in FY23 stood at 249, with a total value of ₹740 billion. Rights issues saw a 70% jump in volume, and IPO activity increased 37% year-on-year. This surge contributes to more transactions and compliance, directly benefiting depositories like NSDL.

NSDL IPO Objectives

1. The IPO is purely an Offer for Sale (OFS) of up to 5.73 crore equity shares by existing shareholders.
2. The company aims to list its shares on the BSE to enhance brand visibility and market presence.
3. The listing will help create a public market for NSDL’s equity shares in India, enabling better liquidity for shareholders.

About National Securities Depository Limited

National Securities Depository Limited (NSDL) is a SEBI-registered market infrastructure institution that plays a vital role in India’s financial and securities markets. Established after the Depositories Act of 1996, NSDL was the first to introduce dematerialisation of securities in the country. As of March 31, 2023, NSDL stands as India’s largest depository by the number of issuers, active instruments, and value of assets held under custody.

The organisation operates a secure and efficient digital platform that allows investors to hold various securities—such as equities, debt instruments, mutual fund units, and government securities—in demat form. These securities are held through demat accounts maintained by depository participants. NSDL supports key services like settlement of trades, off-market transfers, pledges, and corporate actions.

NSDL also provides e-services such as e-voting and consolidated account statements. Through its subsidiaries—NSDL Database Management Limited (NDML) and NSDL Payments Bank Limited (NPBL)—the company offers e-governance, regulatory platforms, KYC solutions, and digital banking services.

As of March 31, 2023, NSDL had over 31.46 million active demat accounts and 40,987 registered issuers. The company's services span more than 99% of India’s pin codes and reach 186 countries globally, showing its strong footprint and reliability in capital market infrastructure.

How To Check the Allotment Status of the National Securities Depository Limited IPO?

A: Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How to apply for NSDL IPO online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the NSDL IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of NSDL IPO

Registered office: Trade World, ‘A’ Wing,4thFloor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai-400 013, Maharashtra, India

E-mail:cs_nsdl@nsdl.com

Telephone: +91 22 2499 4200

NSDL IPO Prospectus

• NSDL IPO DRHP

NSDL IPO Registrar and Lead Managers

NSDL IPO Lead Managers

• ICICI Securities Limited
• Axis Capital Limited
• HSBC Securities & Capital Markets Pvt Ltd
• IDBI Capital Market Services Limited
• Motilal Oswal Investment Advisors Limited
• SBI Capital Markets Limited

Registrar for NSDL IPO

MUFG Intime India Private Limited ((Link Intime)

• Contact Number: +91-22-4918 6270
• Email Address: ipo@linkintime.co.in

NSDL IPO Registrar

Financial Performance of National Securities Depository Limited

Know before investing

Strengths

1. India’s largest depository, holding 88.39% securities by value.

2. Introduced dematerialisation, transforming India’s securities settlement landscape forever.

3. First to offer blockchain-based security monitoring for debentures.

4. Stable recurring revenue from annual custody and service fees.

5. Wide asset coverage including equities, bonds, gold, and funds.

Risks

1. A shift in investor preference away from securities could reduce revenue.

2. Overdependence on depository services limits NSDL’s income diversification.

3. Business is vulnerable to external market factors like inflation and GDP.

4. Failure to innovate or adopt new tech may impact future growth.

5. System glitches or cyberattacks could harm NSDL’s operations and image.

Peer Details of National Securities Depository Limited