Depository firm NSDL makes a plan to launch an IPO valued at 3,000 cr. This IPO would be entirely OFS, promoters will offload positions by selling their shares for Rs 5.72 Cr with a face value of Rs 2 for each share.
According to Upstock, NSE, State Bank of India (SBI) and HDFC Bank will sell shares for Rs 5.72 equity shares through the OFS process. As per sources, the NSDL IPO will come out in April, though NSDL had filed DRHP in July 2023.
HSBC Securities and Capital Markets (India) Pvt. Ltd., Motilal Oswal Investment Advisors Ltd., IDBI Capital Markets & Securities Ltd, ICICI Securities Ltd., Axis Capital Ltd., SBI Capital Markets Ltd., HDFC Bank Ltd., are the lead managers of NSDL IPO process.
According to sources, NSDL also required another approval from SEBI(Securities and Exchange Board of India) regarding the IPO process. This approval is very important for the IPO process and needs to be quick.
NSDL IPO would be launched even though market conditions will be unstable in the future. Said by sources.
NSDL is one of the leading firms known as SEBI registered market infrastructure institution (MII) providing a variety of products and services to India’s financial and securities markets.
It is known Depository, as it offers a strong depository framework to allow market participants to participate in the financial and securities market in India.
Financially, NSDL jumped around 29.8% in net profit, additionally, net profit was Rs 66.09 cr and increased by Rs 85.80 Cr respectively, in just the third quarter. The total income for the Mumbai-based depository rose by 16.2% to Rs 391.21 crore, up from Rs 336.66 crore in the same quarter last year.
Due to depository services, the NSDL firm is getting consistent income, annual custody fees allow the purchase of security securities. While annual maintenance fees help them, depository participants.
Also, in order to grow the market, NSDL has started quickly and actively working in IT infrastructure.
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
- ICICI Securities Limited
- Axis Capital Limited
- HSBC Securities and Capital Markets (India) Private Limited
- IDBI Capital Markets & Securities Limited
- Motilal Oswal Investment Advisors Limited
- SBI Capital Markets Limited
