NSDL IPO is a bookbuilding of 5.01 crore shares. The issue is entirely an offer for sale of 5.01 crore shares.
NSDL IPO dates are yet to be announced. The allotment for the NSDL IPO is expected to be finalized on [.].
NSDL IPO price bands are yet to be announced.
ICICI Securities Limited is the book-running lead manager of the NSDL IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.
NSDL IPO Details
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Offer For Sale |
| Total Issue Size | 5,01,45,001 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 20,00,00,000 shares |
| Share Holding Post Issue | 20,00,00,000 shares |
NSDL IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Investor Category Reservations
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
| Yes for Employee and RII/NII |
NSDL IPO Timeline (Tentative Schedule)
NSDL IPO opens on , and closes on .
| IPO Open Date | |
| IPO Close Date | |
| Cut-off time for UPI mandate confirmation | 5 PM on |
About National Securities Depository Ltd.
Incorporated in 2012, National Securities Depository Limited (NSDL) is SEBI-registered Market Infrastructure Institution (MII).
Core Activities:
- Acts as a securities depository in India.
- Maintains electronic records of allotment and ownership transfer of securities.
- Provides depository services including dematerialization, trade settlement, off-market transfers, pledging of securities, and corporate actions.
- Provides asset servicing for securities held in dematerialized form.
- Offers additional services such as e-voting, consolidated account statements (CAS), and non-disposal undertakings (NDU).
Subsidiaries:
- NSDL Database Management Limited (NDML): Offers services across e-governance, regulatory platforms, KYC, insurance repository, and collaborative industry platforms. Handles SEZ automation and the National Skills Registry.
- NSDL Payments Bank Limited (NPBL): Operates a business-to-business payments bank. Provides digital banking, domestic remittances, savings accounts, AePS, micro-ATMs, prepaid cards, UPI, POS, and third-party product distribution (insurance and mutual funds).
Key Figures (as of March 31, 2023):
- Active demat accounts: 31.46 million
- Registered depository participants: 283
- Registered issuers: 40,987
- Daily average new demat accounts in FY23: 15,139
- Account holders located in over 99% of Indian PIN codes and in 186 countries
As of March 31, 2023, NSDL had 396 permanent full-time employees engaged in a range of business activities.
Competitive Strengths:
- India’s first and leading depository, operating a wide range of technology-driven businesses.
- Strong focus on technology-led product innovation.
- Robust IT infrastructure, risk management frameworks and cyber-security measures focused on ensuring the safety and integrity of the depository system.
- Stable revenue base with a significant proportion of recurring revenue.
- Large Variety of Asset Classes held in Demat Accounts and Well-diversified Business Verticals.
- Experienced senior management team.
Company Financials
National Securities Depository Limited Financial Information (Restated Consolidated)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,093.48 | 1,692.75 | 1,504.01 |
| Revenue | 1,099.81 | 821.29 | 526.12 |
| Profit After Tax | 234.81 | 212.59 | 188.57 |
| Net Worth | 1,428.86 | 1,211.62 | 1,019.30 |
| Reserves and Surplus | 1,388.86 | 1,171.62 | 979.30 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore | |||
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 16.43% |
| RoNW | 16.43% |
| PAT Margin | 21.35% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.74 | 11.74 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2023 that is available in RHP.
National Securities Depository Ltd. Contact Details
National Securities Depository Ltd.
3rd Floor, Naman Chamber,
Plot C-32, G-Block,
Bandra Kurla Complex, Bandra East,
Mumbai, Maharashtra, 400051
Phone: +91 22 2499 4200
Email: cs_nsdl@nsdl.com
Website: https://nsdl.co.in/
NSDL IPO Registrar
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: nsdl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
NSDL IPO Lead Manager(s)
- ICICI Securities Limited (Past IPO Performance)
- Axis Capital Limited (Past IPO Performance)
- Hsbc Securities & Capital Markets Pvt Ltd (Past IPO Performance)
- Idbi Capital Market Services Limited (Past IPO Performance)
- Motilal Oswal Investment Advisors Limited (Past IPO Performance)
- SBI Capital Markets Limited (Past IPO Performance)