The National Securities Depository Limited (NSDL) is gearing up to launch its highly anticipated Initial Public Offering (IPO) worth ₹3,000 crore. This public issue, expected to go live by the end of March or early April, is entirely an Offer for Sale (OFS), with prominent stakeholders such as the National Stock Exchange (NSE), IDBI Bank, and HDFC Bank set to dilute their shares.
NSDL, India’s largest securities depository, has already secured in-principle approval from SEBI, valid until September 2025. The IPO aims to comply with SEBI’s ownership norms, which mandate a diversified shareholding structure for market infrastructure institutions. NSE, which holds a 24% stake in NSDL, is among the key shareholders participating in the OFS.
Despite a slowdown in India’s IPO market due to recent corrections in the secondary market, NSDL’s strong financial performance has bolstered investor confidence. The company reported a 29.82% year-on-year increase in consolidated net profit, reaching ₹85.8 crore in Q3 FY25, alongside a 16.2% rise in total income to ₹391.21 crore.
The IPO is expected to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). With its robust financials and strategic importance, NSDL’s public issue is poised to attract significant attention from investors, marking a pivotal moment in India’s financial landscape.
