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News Topical, Digital Desk : National Securities Depository Limited (NSDL) is planning to launch its much-awaited IPO from 30 July to 1 August 2025. NSDL is a SEBI registered market infrastructure institution. The company has major shareholders like IDBI Bank and NSE. As of 31 December 2024, NSDL is the largest depository in India. According to the DRHP dated 17 May 2025, the IPO involves the sale of 5.01 crore equity shares, in which IDBI Bank, NSE as well as Union Bank of India, SBI and Unite Trust of India have stakes.
Moneycontrol has given information about the company's IPO plan in one of its reports, citing sources. This report says that the anchor book for NSDL IPO may open on July 29.
According to sources in this report, it has been told that the IPO will be completely an Offer for Sale (OFS), through which NSDL plans to raise about Rs 4,000 crore ($ 463 million).
Know the most important details of the IPO One source said that the launch dates may change due to unforeseen market events. Another source said that the company's IPO valuation is expected to be around Rs 16,000 crore ($ 1.85 billion). The third source said, "Strong participation of large mutual funds and foreign institutional investors (FIIs) is expected in the anchor book." However, no official information has come from NSDL and NSE on this yet.
Bankers for the IPO are ICICI Securities, Axis Capital, HSBC Securities, IDBI Capital, Motilal Oswal and SBI Caps are the book running lead managers for the IPO.
NSDL's stake IDBI Bank holds 26.01% stake in NSDL and NSE holds 24%. As per SEBI rules, no single entity can hold more than 15% stake in a market infrastructure institution. This IPO will give both institutions an opportunity to reduce their stake. As of December 31, 2024, NSDL had 3.87 crore demat accounts with 289 depository participants. It has 64,535 issuers and 53,169 non-listed companies registered, which is more than CDSL (21,295 non-listed companies).
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