As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. If you are confused and worried about whether to Apply or Not the NSDL IPO. Then worry not, here we are describing 10 important key points & an in-depth, detailed NSDL IPO review which will help you to make the decision.
Strengths and Weaknesses of NSDL IPO
Strengths:
- As of March 31, 2025, NSDL has established itself as India’s first and largest depository, one of the leading companies in terms of issuers, active instruments, and market share in demat settlements.
- The company consists of strong IT systems, risk controls, and cybersecurity measures in order to ensure the reliability and safety of the depository system.
- They have a stable revenue stream, with a large part coming from recurring sources.
- NSDL has maintained a strong, long-term relationship with a large, diverse, and loyal customer base.
- The company comprises of strong and experienced management team that has over 31 years of experience in the financial services industry in India, which leads to business growth, and customer relations that will benefit its business.
Weaknesses:
- If investors are attracted to other investment options instead of trading or investing in securities, then it can lead to problems like lower demand for its services, which can negatively impact the business, financial health, and overall performance.
- If they fail to grow more services, or unable to reach new customers or develop new technology-based solutions can badly impact our business, cash flow, and overall condition.
- The company faces strong competition in a highly regulated market. If unable to compete properly can badly impact the business, cash flow, and overall performance.
- NSDL mostly relies on its network of depository participants for a large part of its business. If unable to expand or manage the network well can negatively impact the business, cash flow, and overall performance.
NSDL IPO Details
| IPO Size | ₹4011.60 crores |
| Offer-for-sale | up to 5,01,45,001 equity shares |
| Fresh issue | No fresh issue |
| Price band | ₹760 to ₹800 |
| Subscription | Opens on July 30, 2025, and the closing date is August 1, 2025 |
| Purpose of IPO | Offer-for-Sale |
NSDL IPO Open and closing dates?
NSDL IPO will open for subscription on July 30, 2025, and will be closed for subscription on August 1, 2025.
What is the size of the NSDL IPO?
The company planned to raise funds of around ₹4011.60 crores via IPO. This IPO comprises entirely an Offer-for-Sale of up to 5,01,45,001 equity shares with a face value of ₹2 each.
What are the subscription details of the NSDL IPO?
The NSDL IPO price range is set at ₹760 to ₹800 per share. In this IPO, a total of 18 shares were available in 1 lot size for the minimum Retail category. For the maximum Retail category, 234 shares were available in 13 lot sizes. Additionally, 252 shares were available in 14 lot sizes for the S-HNI Minimum category. While for the B-HNI Minimum category, 1,260 shares were available in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,400 and maximum investment of ₹1,87,200.
- Small HNI (S-HNI): Minimum investment of ₹2,01,600.
- Big HSI (S-HNI): A minimum investment of ₹10,08,000 is required.
What is the NSDL IPO listing Date?
NSDL is a Mainboard IPO. Shares will be listed on August 6, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
About NSDL
NSDL National Securities Depository Limited (NSDL) is one of the leading SEBI-registered Market Infrastructure Institutions (MII) incorporated in August 1996 is one of the leading state-of-the-art infrastructures that uses innovative and adaptable technology systems. The company has maintained over 31.46 million active demat accounts through 283 depository participants registered with NSDL as of March 31, 2023. NSDL is planning to launch an IPO, this IPO will comprise an offer for sale (OFS) of 5.72 crore equity shares. NSDL depository enables investors to hold securities in digital form through accounts called ‘Demat Accounts,’ which are managed by depository participants. These account holders are spread across more than 99% of India’s pin codes and in 186 countries worldwide.
What are the Objectives of the NSDL Limited IPO?
The proceeds raised from the offer-for-sale are to be utilized for the funds to carry out the Offer for Sale of up to 50,145,001 Equity Shares of face value of ₹2 each aggregating to ₹ [●] million by the Selling Shareholders. While some funds will be used to achieve the benefits of listing the Equity Shares on the BSE.
NSDL IPO Financials
The company reported revenue of ₹1,535.19 crores in 2025 against ₹1,365.71 crores in 2024. The company reported a profit of ₹343.12 crores in 2025 against a profit of ₹275.45 crores in 2024.
NSDL IPO Promoters
The Company Does Not Have An Identifiable Promoter.
Who are the NSDL IPO lead managers and registrar?
ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, IDBI Capital Markets & Securities Limited, SBI Capital Markets Limited, and Motilal Oswal Investment Advisors Limited are the lead managers to the issue, while MUFG Intime India Private Limited is the company’s registrar.
Should you apply or not for the NSDL IPO?
This year, the NSDL IPO offers investors an opportunity to invest in India’s first and largest depository, which plays a crucial role in the country’s financial market infrastructure. The company stands with incredible strengths like a strong market position, robust IT systems, while most of its revenue comes from recurring sources. In short, NSDL has shown stability and long-term growth potential. However, one must not ignore risks like increasing competition, regulatory changes, and dependency on overall market activity.
So, now the question is, should you apply or not for the NSDL IPO? If you are looking to invest in a company that offers fundamental strength and stability in the financial sector, then NSDL’s IPO could be a good long-term investment option.
However, we recommend always doing a good financial background check on the company you want to invest in, and investing in it at your own risk.
