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News Topical, Digital Desk : National Securities Depository Ltd (NSDL), which is preparing for an IPO, said on Sunday that its total profit grew by 4.77% to ₹ 83.3 crore in the quarter ended March 2025. The company's profit in the same quarter last year was ₹ 79.50 crore. NSDL said in a statement that its total income grew by 9.94% to ₹ 394 crore in this quarter from ₹ 358 crore last year. For the full financial year (FY25), NSDL's profit grew by 24.57% to ₹ 343 crore and total income grew by 12.41% to ₹ 1,535 crore.
The Board of Directors of NSDL has recommended a final dividend of ₹ 2 per share for the financial year 2024-25. It is yet to get the approval of the shareholders.
NSDL's work
NSDL provides the facility to hold and transfer securities in demat form. In FY24, its demat account holders were in more than 99% of the pin codes of India and 186 countries of the world. The company has more than 63,000 service centers, covering every state and union territory.
Change in IPO size NSDL changed its draft papers earlier this month and reduced the size of the IPO. Now the IPO will have 5.01 crore shares, whereas earlier 5.72 crore shares were mentioned. This IPO will be entirely an Offer-for-Sale (OFS), in which National Stock Exchange of India (NSE), State Bank of India (SBI), and HDFC Bank will sell their shares. Since this is an OFS, NSDL will not get the money from the IPO.
Listing deadline Market regulator SEBI has given NSDL time till 31 July 2025 to list its shares. After listing, NSDL will become the country's second publicly traded depository. Earlier, Central Depository Services (CDSL) was listed on NSE in 2017.
Compliance with SEBI rules The listing of NSDL is necessary to comply with Sebi's ownership rules. According to these rules, no single entity can hold more than 15% shares in any depository company. Currently, IDBI Bank's stake in NSDL is 26.10% and NSE's stake is 24%, which is more than the prescribed limit. That is why both will have to reduce their stake.
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