National Securities Depository’s IPO listing of Rs 3421.6 crores scheduled for July 2025

National Securities Depository Ltd (NSDL), the first electronic securities depository in India, is proceeding with its IPO to raise Rs 3421.6 crores. As per the DRHP, 50.1 million shares will be included in the offer.

The IPO is set as an offer for sale by the current shareholders that include State Bank of India, National Stock Exchange, and IDBI Bank.

NSDL was founded in August 1996 and is a leading depository in India, having been at the forefront of the shift to electronic securities. Its income includes various sources like transaction fees, account opening fees, annual issuer fees, and value-added services like e-voting and consolidated account statements.

NSDL submitted the Draft Red Herring Prospectus (DRHP) to SEBI in July 2023. Though approval was granted in September 2024, the company sought an extension citing market conditions. The issue will be managed by prominent investment banks like ICICI Securities Ltd, Axis Capital Ltd, HSBC Holdings, IDBI Capital, Motilal Oswal Investment Advisors, and SBI Capital Markets.

For detailed information on this IPO, click here.