National Securities Depository Limited (NSDL) has officially filed its red herring prospectus (RHP) with SEBI on July 23, 2025, confirming the details of its much-awaited IPO. The IPO bidding will open on July 30, 2025 (Wednesday) and close on August 1, 2025 (Friday). This IPO will be a pure Offer-for-Sale (OFS) of up to 5,01,45,001 equity shares by existing shareholders.
Big institutions such as IDBI Bank, NSE, SBI, HDFC Bank, and Union Bank of India are participating in the OFS. The company is aiming to raise ₹3,500–₹4,000 crore through this IPO. The expected price band is between ₹700–₹800 per share, though the official announcement is still awaited. Anchor bidding is scheduled for July 29, 2025 (Tuesday).
Here is a clear table with key details of the NSDL IPO:
| Particulars | Details |
|---|---|
| IPO Type | 100% Offer-for-Sale (OFS) |
| Total Equity Shares Offered | 5,01,45,001 shares |
| Face Value | ₹2 per share |
| IPO Opening Date | July 30, 2025 (Wednesday) |
| IPO Closing Date | August 1, 2025 (Friday) |
| Anchor Bidding Date | July 29, 2025 (Tuesday) |
| Tentative Listing Date | August 7, 2025 (Thursday) |
| Estimated Issue Size | ₹3,500–₹4,000 crore (approx.) |
| Expected Price Band | ₹700–₹800 per share (unofficial) |
| Stock Exchanges | BSE |
| Lead Managers | ICICI Securities, Axis Capital, IDBI Capital, Motilal Oswal, SBI Capital Markets |
| Retail Investor Quota | 35% of the issue |
| Employee Reservation | Yes |
Major Shareholders Offloading Shares in the IPO:
- IDBI Bank: Up to 2,22,20,000 shares
- NSE (National Stock Exchange): Up to 1,80,00,001 shares
- SBI (State Bank of India): Up to 40,00,000 shares
- HDFC Bank: Up to 40,00,000 shares
- Union Bank of India: 5,00,000 shares
- UTI (SUUTI Administrator): Up to 34,15,000 shares
Company and Market Updates:
- NSDL recently got an extension from SEBI to list by August 14, 2025, after missing the previous April deadline.
- As per SEBI rules, no single entity can hold more than 15% stake in a Market Infrastructure Institution like NSDL. Currently, IDBI holds 26.01% and NSE holds 24%.
- NSDL’s subsidiary, NSDL Payment Bank, has received Scheduled Commercial Bank status from RBI.
- Last week, NSDL’s unlisted share ISINs were frozen, which temporarily restricted their trade or transfer.
NSDL Financials (in ₹ crore):
| Financial Year | Revenue | Net Profit |
|---|---|---|
| FY 2024–25 | ₹1,535.1 | ₹343.1 |
| FY 2023–24 | ₹1,365.7 | ₹275.4 |
NSDL’s upcoming IPO will be closely watched by investors due to its crucial role in India’s financial ecosystem. The final pricing and other details will be revealed closer to the IPO launch date.
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Source: Businesstoday
News Desk
