NSDL IPO: Surges with Premium and Strong Demand
The initial public offering (IPO) of National Securities Depository Limited (NSDL) closes today, August 1, 2025. The book built offer opened on July 30 and has drawn strong investor interest across all categories.
Subscription Status: Oversubscribed 18.45 times
NSDL IPO recorded overall subscriptions of approximately 18.45 times by the third and final day of its IPO bidding. The response from the investor is high and indicate broad confidence by Non-Institutional Investors subscribed to 31.71x and Qualified Institutional Buyers (QIBs) 28.63x.
However, retail investors has shown low confidence with a subscription of 6.98x, due to market volatility.
Timeline & Key Dates
• Issue Start Date: July 30, 2025
• Issue End Date: August 1, 2025 (today)
• Basis of Allotment: August 4, 2025
• Refund Initiation / Share Credit: August 5, 2025
• Listing Date: August 6, 2025 on NSE/BSE
Key IPO Details at a Glance
• Issue Structure: Fully an Offer for Sale (OFS) of 50.15 million shares by existing stakeholders
• Issue Size: ₹4,011.60 crore (₹4,012 crore)
• Price Band: ₹760–₹800 per share
• Lot Size: 18 shares (minimum retail investment ₹14,400)
• Employee Discount: ₹76 per share for eligible employees
• Exchanges: NSE and BSE
• Registrar: MUFG Intime India Private Limited
• Managers & Sponsors: ICICI Securities, Axis Capital, HSBC, SBI Capital, IDBI Capital, Motilal Oswal, HDFC Bank; Sponsor banks include Axis, HDFC, ICICI and Kotak Mahindra
Consolidated Bid Details
Company Snapshot
Established in Mumbai in 1996, NSDL is India’s first and largest securities depository with approximately 86% market share in assets held in demat form. As of March 2025, its demat accounts held assets worth over ₹400 lakh crore across nearly 3.9 crore active accounts, reflecting significant scale and infrastructure role.
In FY25, the company reported revenue of ₹1,535 crore (up 12%) and a net profit of ₹343 crore (up 25%), supported by stable annuity-style earnings
Why This IPO Demands Attention
• NSDL is viewed as a critical financial-market institution with high entry barriers, annuity-style cash flows, and regulatory relevance.
• Its dominant infrastructure position and expanding fintech initiatives through subsidiaries (e governance, payments bank, digital platforms) support long-term growth
• With over ₹1,200 crore mobilised from anchor investors, including LIC and Capital International, the election signifies strong institutional endorsement
(Disclaimer: This article is informational and not financial advice. Investors should review the prospectus and consult a registered financial advisor before making investment decisions.)
Also Read: Shanti Gold IPO Day 3 Oversubscribed: What’s Driving This Surge In Investor Gold Rush?
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
Google Workspace AI Studio: How To Build Your Own Assistant Without Coding, Learn In Easy Steps
Google has launched its new feature in Google Workspace through which users can create custom…
Vladimir Putin during his visit to India, announced that the capacity of the Kudankulam Nuclear…
The Congress alleged that Mallikarjun Kharge and Rahul Gandhi were not invited to the Presidential…
