NSDL IPO is a book-built issue, aiming to raise ₹4,011.60 crore. The bidding window was open from July 30, 2025, to August 1, 2025, with the IPO allotment to be finalised on August 4, 2025. NSDL is scheduled to list on BSE and NSE on August 6, 2025.
The IPO was priced at ₹760–₹800 per share with a lot size of 18 shares. The public issue received bids for 28,71,20,826 shares against 3,51,27,002 shares available, resulting in an overall subscription of 8.17 times. NIIs led the response, subscribing 20.75 times their quota, followed by retail investors at 5.71 times.
NSDL's ₹4,011.60 crore IPO, priced at ₹760–₹800 per share, was subscribed 8.17 times overall. The IPO was entirely an offer for sale, with bidding taking place from July 30 to August 1, 2025, and the NSDL IPO allotment status to be finalised on August 4, 2025. Retail investors subscribed 5.71 times and NIIs 20.75 times. Listing is expected on August 6, 2025.
The table below breaks down the NSDL share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 2,50,29,999 (49.92%) |
| − Anchor Investor Shares Offered | 1,50,17,999 (29.95%) |
| − QIB (Ex. Anchor) Shares Offered | 1,00,12,000 (19.97%) |
| NII (HNI) Shares Offered | 75,09,001 (14.97%) |
| − bNII > ₹10L | 50,06,001 (9.98%) |
| − sNII < ₹10L | 25,03,000 (4.99%) |
| Retail Shares Offered | 1,75,21,001 (34.94%) |
| Employee Shares Offered | 85,000 (0.17%) |
| Total Shares Offered | 5,01,45,001 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 3.05 |
| Non-Institutional Investors | 20.75 |
| Retail Individual Investors | 5.71 |
| Employees | 9.75 |
| Total shares | 8.17 |
Note: The subscription details are as of August 1, 2025
NSDL was established in 1996 as India's first electronic securities depository, marking a significant shift from physical to dematerialised shareholding. The company operates under the regulatory framework of the Securities and Exchange Board of India (SEBI) and plays a central role in the country’s capital market infrastructure.
NSDL offers a wide range of services related to the settlement and transfer of securities, including dematerialisation, rematerialisation, account maintenance, settlement of trades, and distribution of corporate benefits. It also facilitates e-voting, Know Your Customer (KYC) registration, and other digitised financial services, contributing to transparency and efficiency in the Indian securities market.
As one of the largest depositories in India by market share, NSDL serves a broad base of depository participants, custodians, issuers, and investors. It operates a robust technology infrastructure that ensures secure and seamless handling of financial instruments. NSDL’s systems are designed for scalability and compliance, enabling it to adapt to evolving regulatory standards and market needs.
The company’s strategic vision includes supporting the government’s digital initiatives, expanding its service offerings, and strengthening its position as a trusted market infrastructure institution. Through continual innovation and stakeholder engagement, NSDL plays a key role in the modernisation of India’s financial ecosystem.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 1, 2025, 12:20 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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