The wait is finally over! National Securities Depository Limited (NSDL), India’s first and largest depository, is coming up with its Initial Public Offering (IPO), and investors are already buzzing with excitement. Here’s everything you need to know about the NSDL IPO — in easy terms.
Key Dates to Remember
IPO Opens: July 30, 2025
IPO Closes: August 1, 2025
Anchor Investor Bidding: July 29, 2025
Allotment Finalisation: August 4, 2025
Refunds Begin: August 5, 2025
Listing on BSE & NSE: August 6, 2025
IPO Size & Structure
The NSDL IPO is a ₹4,000 crore issue, and it is a complete Offer for Sale (OFS). This means the company is not raising new money for itself — instead, existing shareholders are selling part of their stakes.
Here’s who is selling how much:
IDBI Bank: 2.22 crore shares
NSE (National Stock Exchange): 1.80 crore shares
SBI: 40 lakh shares
HDFC Bank: 20 lakh shares
Union Bank of India: 5 lakh shares
SUUTI: 34.15 lakh shares
In total, 5.01 crore shares are being offered to the public.
Price Band and Lot Size
Price Band: ₹760 – ₹800 per share
Face Value: ₹2 per share
Lot Size: 18 shares (You must buy in multiples of 18)
So, the minimum amount an investor needs to apply for is:
₹800 x 18 = ₹14,400
Who Can Invest?
The IPO is open to all categories of investors:
Retail Investors: Minimum 35% allocation
Qualified Institutional Buyers (QIBs): Up to 50%
Non-Institutional Investors (NIIs): Minimum 15%
Employees: 85,000 shares reserved with a ₹76 discount per share
Why This IPO?
NSDL’s IPO is mainly being launched to meet SEBI regulations. Market Infrastructure Institutions (MIIs) like NSDL must ensure that no single entity holds more than a 15% stake. This OFS will help institutions like IDBI Bank and NSE reduce their holdings accordingly.
What Does NSDL Do?
NSDL stands for National Securities Depository Limited. It was established in 1996 and is responsible for holding and transferring securities in electronic form (called dematerialization or “Demat”). It’s like a digital bank, but instead of money, it holds your stocks, bonds, ETFs, and other securities.
Simply put, whenever you buy or sell shares through your broker, NSDL is the backend system that keeps your securities safe and records the transactions.
Should You Invest?
That decision depends on your investment goals. NSDL is a crucial part of India’s financial infrastructure and has a strong brand. However, since this is a full OFS, the company won’t receive fresh capital from this IPO. You should also wait for the company’s financials and performance metrics to become available publicly before deciding.
Final Words
NSDL’s IPO is a landmark moment in India’s capital markets. If you’re a long-term investor looking to invest in a backbone player of the Indian stock ecosystem, this might be worth exploring — but always do your research or consult a financial advisor.
