SUMMARY

The National Securities Depository Limited (NSDL) is preparing for its Initial Public Offering (IPO), aiming to raise approximately ₹3,000 crore through an Offer for Sale (OFS) of 5.01 crore equity shares. This move will make NSDL the second depository in India to go public, following Central Depository Services (India) Ltd (CDSL). NSDL holds a dominant position in India's depository services, with a vast network and significant asset holdings.

About NSDL

Established in 1996, NSDL is India's first and largest depository, holding over ₹398 lakh crore in dematerialized assets as of December 2023 . It provides depository services to investors, stock brokers, custodians, and issuer companies through a nationwide network of Depository Participants.

IPO DETAILS

1. IPO Type: 100% Offer for Sale (OFS)
2. Issue Size: ₹3,000 crore
3. Shares Offered: 5.01 crore equity shares
4. IPO Timeline: Expected by July 31, 2025, as per SEBI's extension
5. Listing Exchanges: BSE and NSE
6. Face Value: ₹2 per share
7. Price Band & Lot Size: To be announced

Utilization of IPO Proceeds

As the IPO is entirely an OFS, NSDL will not receive any proceeds from the offering. The funds will go to the existing shareholders who are selling their stakes.

FINANCIAL RESULTS

Key Considerations

Regulatory Compliance: SEBI mandates that no single entity holds more than 15% in a depository. Currently, IDBI Bank and NSE hold 26.10% and 24%, respectively, necessitating stake reduction through this IPO .