National Securities Depository Limited (NSDL) IPO
IPO Price Range: Not Announced Yet
NSDL earns revenue by charging account opening fees and transaction services when a shareholder sells its shares. It also offers other services such as pledging securities for loans, e-voting, and consolidated account statements.
NSDL IPO to launch in 2025 with its plan to raise Rs 3,000 crore. NSDL received SEBI approval in September 2024.
IPO Status
Upcoming
Listing Exchange
NSE
National Securities Depository Limited (NSDL) Brands, Products & Services
NSDL Database Management
NSDL Database Management provides KYC registration, e-insurance repositories, digital client onboarding, and academic award issuance, operating under directives from the Ministry of Commerce & SEBI.
NSDL Payments Bank
NSDL Payments Bank offers demand deposits, remittances, debit & prepaid cards, mutual fund investments, bank verification, and insurance investment services via its mobile app.
| Product | Securities Digitization, Database Management, Payments Bank |
| Known For | Securities depository |
| Top Products | NSDL Database Management, NSDL Payments Bank |
National Securities Depository Limited (NSDL) Key Financials
Objectives of National Securities Depository Limited (NSDL) IPO
Shareholding Pattern
| Public | 100% | |
| Name | Role | Stakeholding |
| IDBI Bank | Public | 26.1% |
| NSE | Public | 24% |
| HDFC Bank | Public | 8.95% |
| Unit Trust of India | Public | 6.83% |
| State Bank of India | Public | 5% |
| Deutsche Bank | Public | 5% |
| Others | 24.12% |
Listed Competitors of National Securities Depository Limited (NSDL)
Strengths and Risks of National Securities Depository Limited (NSDL) IPO
Strengths
Market Leadership: India’s first and leading depository, holding 84.03% of total securities (by number) and 88.39% (by value) as of March 31, 2023, with a strong market presence across multiple asset classes.
Technology-Driven Innovation: Offers Speed-e (electronic depository transactions), STeADY (trade info exchange), and IDeAS (online depository access), ensuring seamless digital experiences and efficiency in securities management.
Strong Revenue Growth: NSDL’s revenue grew at a 32% CAGR over five years, from ₹341 crore in FY19 to ₹1,365.7 crore in FY24, demonstrating a stable and rapidly expanding business model.
Diversified Asset Classes: Holds equities, debt instruments, mutual funds, REITs, InvITs, AIFs, government securities, gold receipts, and more, ensuring a comprehensive financial ecosystem for investors.
Robust IT & Cybersecurity: Maintains a 24/7 Security Operations Center (SOC), risk management frameworks, and MITRE ATT&CK cybersecurity models, ensuring high data security and operational integrity.
Risks
Shift in Investor Preferences: A decline in investor interest in securities trading due to inflation, market volatility, regulatory changes, or economic conditions could reduce demand for NSDL’s services and impact revenue.
Failure to Innovate: NSDL must continuously develop new technology-driven products to stay competitive. Failure to introduce timely innovations or compete with cost-effective alternatives could slow growth and weaken its market position.
Dependence on Trading Volumes: NSDL’s revenue relies on high trading volumes. Factors like market sentiment, economic conditions, and policy changes may impact trading activity, reducing transaction fees and revenue.
IT & Cybersecurity Risks: Any technical glitch, cyberattack, or security breach could disrupt operations, damage reputation, and lead to financial penalties from SEBI, affecting business continuity and financial stability.
Dependence on Depository Participants: NSDL relies on its network of depository participants to serve investors. Failure to expand or retain partners could limit business growth, reduce transaction volumes, and impact revenue generation..
Frequently Asked Questions of National Securities Depository Limited (NSDL) IPO
What is 'pre-apply' for National Securities Depository Limited (NSDL) IPO?
'Pre-apply' for National Securities Depository Limited (NSDL) IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.
What would be the listing gains on the National Securities Depository Limited (NSDL) IPO?
The potential listing gains on the National Securities Depository Limited (NSDL) IPO will depend on various market factors and cannot be predicted with certainty.
When NSDL IPO will come?
The NSDL IPO has not been announced yet but is expected to launch in the first half of 2025.
What is NSDL IPO price?
The NSDL IPO price has not been decided yet.
What are the open and close dates of the NSDL IPO?
The NSDL IPO date is yet to be declared.
What is the allotment date of NSDL IPO?
The NSDL IPO allotment date has not been announced yet.
Can we invest in NSDL IPO?
Yes, once the NSDL IPO is launched, you can invest in the company’s shares.
What is the lot size of NSDL IPO?
NSDL IPO lot size is yet to be decided.
What is the issue size of NSDL IPO?
The NSDL IPO issue size includes an offer for sale of 5.72 crore shares, valued at ₹3,000 crore.
Who is the CEO of NSDL?
Padmaja Chunduru is the Managing Director and Chief Executive Officer of NSDL.