Briefsetup Team
NSDL IPO 2025: Everything You Need to Know Before Investing
India’s first and largest depository, NSDL (National Securities Depository Limited), is all set to launch its Initial Public Offering (IPO) in July 2025. For years, investors and market experts have anticipated this move, and now the wait is finally over.
But what does this IPO mean for you as a retail investor? Should you apply? What’s the company’s performance like? Let’s understand everything you need to know about NSDL IPO 2025.
1. NSDL Company Overview
Founded in 1996, NSDL was India’s first depository and played a crucial role in digitizing India’s stock market. It holds securities like equities, bonds, mutual funds, etc., in electronic (demat) format for millions of investors.
Key Facts About NSDL:
Headquarters: Mumbai
Market Share: Over 55% of depository accounts in India
Promoter: National Stock Exchange (NSE)
Competitor: CDSL (Central Depository Services Limited)
Regulator: SEBI (Securities and Exchange Board of India)
It operates through Depository Participants (DPs) like Zerodha, Angel One, ICICI Direct, and others.
2. NSDL IPO 2025 Details (Updated)
Particular Details
IPO Size ₹3,429 crore Approx. (Offer for Sale)
Fresh Issue None
Offer for Sale (OFS) 5.01 crore shares Approx.
Price Band (Expected) ₹750 – ₹800 per share Approx.
Lot Size 50 shares Approx.
Listing Exchanges NSE & BSE
IPO Dates July 2025 (Expected)
Registrar Link Intime India Pvt Ltd
Final dates and figures will be updated post SEBI’s final RHP.
3. NSDL Financial Performance (FY25)
Financial Snapshot:
Revenue (FY25): ₹1,420 crore
Net Profit (FY25): ₹343 crore
Q4 FY25 Profit: ₹83.3 crore on ₹364 crore revenue
EBITDA Margin: ~25–40%
NSDL has a low-debt, high-margin business model, which is attractive from a long-term investment view.
4. Why Is NSDL Launching an IPO?
The IPO is being launched to:
Allow partial exit for shareholders like NSE, SBI, HDFC, etc.
Comply with SEBI’s listing mandate for market infrastructure institutions
Post-listing, NSDL will join other publicly listed market infra players like CDSL and BSE.
5. Opportunities for Investors
✅ Strong Brand & Market Position
✅ High Entry Barrier Business (Regulated industry)
✅ Digitalization of Finance is increasing demat demand
✅ Steady Cash Flows & Profitability
With over 3.15 crore demat accounts and growing stock market participation, NSDL’s long-term growth outlook is strong.
6. Risks to Keep in Mind
❌ Regulatory changes by SEBI may impact operations
❌ Competition from CDSL, which dominates retail demat accounts
❌ Cybersecurity threats (due to digital nature of business)
❌ Sentiment-driven listing price may vary
7. NSDL vs CDSL – A Quick Comparison
Parameter NSDL CDSL
Promoter NSE BSE
Market Share ~55% (Institutional focus) ~45% (Retail focused)
Demat Accounts ~3.15 crore ~8 crore
Transaction Value ₹302 lakh crore ₹39 lakh crore
Listed? No (Listing in July 2025) Yes (Listed in 2017)
Verdict: NSDL leads in value, while CDSL leads in volume and retail investors.
8. Should You Apply for NSDL IPO?
✅ If you’re a long-term investor looking for a stable tech-finance company, NSDL fits well.
✅ If IPO pricing is reasonable and market sentiment is stable, applying may be a smart move.
✅ Short-term traders should watch GMP (Grey Market Premium) and subscription levels before deciding.
9. How to Apply for NSDL IPO
1. Login to your stockbroker app (Zerodha, Groww, Upstox, etc.)
2. Go to IPO section
3. Select NSDL IPO > Enter bid quantity and price
4. Confirm with UPI
5. Wait for allotment (refund happens automatically if not allotted)
Conclusion
The NSDL IPO 2025 is one of the most anticipated listings of the year. With its strong brand, monopoly-like positioning, and steady financials, it may offer a good opportunity for both retail and institutional investors.
Just like every IPO, do your research, understand your risk appetite, and don’t invest based on hype.
Stay tuned for final RHP, GMP updates, and listing date.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Readers are advised to do their own research or consult a professional before making any investment decisions. Data and opinions shared are based on sources available at the time of writing and may change in the future.
