NSDL is expected to launch its ₹3,400 crore IPO sometime in July

NSDL IPO date is not announced yet. NSDL is a book built issue and have plan to raise around ₹[.] crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale of ₹[.] crores, up to 57,260,001 Equity Shares with face value of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15% as per DRHP. The IPO to list on NSE and BSE.

National Securities Depository Ltd. is moving forward with its initial public offering, which is anticipated to raise approximately $400 million (₹3,421.6 crore), according to sources familiar with the development.

As per the sources, the NSDL company has already received IPO launching approval from the market regulator in October last year, and the company is planning to list its stocks on the NSE and BSE platforms. However, these sources did not want to be named because the details are still private.

The companies ICICI Securities, Axis Capital, HSBC Holdings, and IDBI Capital are helping NSDL manage the listing process. According to earlier official filings, the IPO will offer around 50.1 million shares for sale.

As per the sources, IDBI Bank Ltd., National Stock Exchange of India Ltd., and State Bank of India would be offloading their shares in the IPO process. This indicates that the NSDL company will not receive any IPO proceeds.

As per the source, when contacted by Bloomberg, NSDL’s managing director and CEO, Vijay Chandok, chose not to comment on the possible IPO timeline. A company spokesperson also did not answer calls to their mobile phone right away.NSDL IPO Prospectus:

DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	To be Updated Soon

NSDL Company Financial Report

Amount ₹ in Crores

Period Ended	Revenue	Expense	Profit After Tax
2021	₹526.12	₹279.54	₹188.57
2022	₹821.29	₹541.69	₹212.59
2023	₹1,099.81	₹789.94	₹234.81

NSDL IPO Valuation – FY2023

NSDL IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹11.74 (Basic)
Price/Earning P/E Ratio:	N/A
Return on Net Worth (RoNW):	16.43%
Net Asset Value (NAV):	₹71.44

Peer Group Comparison

Company	EPS	PE Ratio	RoNW %	NAV	Income
Central Depository Services Limited	26.41	45.13	21.95%	120.30	620.94 Cr.

Objects of the Issue

To be updated soon

IPO Lead Managers aka Merchant Bankers

SBI Capital Markets Limited
ICICI Securities Limited
Axis Capital Limited
HSBC Securities and Capital Markets (India) Private Limited
IDBI Capital Markets & Securities Limited
Motilal Oswal Investment Advisors Limited

Vijay Prajapati

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