The listing of National Securities Depository (NSDL) could be as early as July, as per some recent reports. The initial public offering (IPO) is expected to mop up around $400 million, according to a report by Bloomberg. However, there is no confirmation from the company.
India’s biggest depository’s IPO was initially cleared by the market regulator Securities Exchange Board of India (SEBI) in October past year. The IPO is now expected to hit the street as soon as July.
NSDL IPO unlisted share price
The unlisted shares of NSDL are seeing a strong buying interest. The unlisted scrip of NSDL has surged nearly 30% since May. They have advanced 40% since April, the last two months. The price of NSDL in the grey market is now hovering around Rs 1,250 a share, compared with Rs 995 in early April.
NSDL IPO size
The IPO size has been slashed to 50.15 million shares from 57.26 million shares stated in the draft red herring prospectus (DRHP), as per the addendum filed to the Draft Red Herring Prospectus.
NSDL Q4 result 2025
The depository reported a strong financial performance in the fourth quarter of the financial year 2024-25. NSDL’s net profit jumped 4.77% year-on-year to Rs 83.3 crore in Q4 FY25 compared with Rs 79.5 crore reported in Q4 FY24. The total income during Q4FY25 increased by 9.94% YoY to Rs 394 crore as against Rs 358 crore in the same period a year ago.
NSDL Payments Bank (NPBL): The banking services arm of NSDL
NSDL gets the major chunk of its revenue from its banking services subsidiary, NPBL. Incorporated on August 17, 2016, it stands for NSDL Payments Bank Ltd. NPBL is a payments bank that commenced its business operations on October 29, 2018. It is engaged in the payment banking business. NSDL holds 100% ownership and voting power in NPBL.
NSDL Vs CDSL
Both depositories have similar business; however, they cater to different kinds of customers. Where CDSL has a user base of retail investors, NSDL gets its business from big businesses and investors like high-net-worth individuals. NSDL is the largest depository in terms of the total number of issuers as well. It is also a preferred platform for G-Secs, corporate bonds and CDs.