National Securities Depository Limited (NSDL), established in 2012, operates as a SEBI-approved Market Infrastructure Institution (MII), playing a pivotal role in India’s financial ecosystem. As a central securities depository, it safeguards electronic records of security allotments and facilitates seamless ownership transfers. Its comprehensive suite of services encompasses dematerialization, trade settlements, off-market transactions, securities pledging, and corporate action processing, along with dedicated asset servicing for dematerialized holdings. Beyond core operations, NSDL enhances investor convenience through e-voting facilities, consolidated account statements (CAS), and non-disposal undertakings (NDU).
The upcoming NSDL IPO is set to launch on July 30, 2025, with subscriptions closing on August 1, 2025. This public offering aims to mobilize approximately ₹4,011.60 crores, structured as a fresh issue combined with an offer for sale of 5,01,45,001 equity shares (nominal value: ₹2 per share). Priced between ₹760 and ₹800 per share, the IPO allocates 35% of shares to retail investors, 50% to QIBs, and 15% to HNIs. Allotments will be finalized by August 4, 2025, preceding the stock’s listing on BSE and NSE scheduled for August 6, 2025.
Financially, NSDL has demonstrated robust growth, with FY2025 revenue climbing to ₹1,535.19 crores (from ₹1,365.71 crores in FY2024) and profits surging to ₹343.12 crores (against ₹275.45 crores in the previous year), highlighting the company’s solid market standing and streamlined operations.
NSDL IPO Details
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹760 to ₹800 per share |
| Lot Size | 18 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | Approx ₹4,011.60 Crores |
| Issue Type | Book building IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 20,00,00,000 shares |
| Share Holding Post Issue | 20,00,00,000 shares |
NSDL IPO Dates
NSDL’s IPO will be open for subscription between July 30 and August 1, 2025.
| IPO Open Date | Wed, Jul 30, 2025 |
| IPO Close Date | Fri, Aug 1, 2025 |
| Tentative Allotment | Mon, Aug 4, 2025 |
| Refunds | Tue, Aug 5, 2025 |
| Credit of Shares to Demat | Tue, Aug 5, 2025 |
| IPO Listing Date | Wed, Aug 6, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on August 1, 2025 |
NSDL IPO Market Lot
The minimum investment for NSDL’s IPO is set at 18 shares (1 lot) worth ₹14,400. Retail investors can bid for up to 13 lots (234 shares) totaling ₹1,87,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 18 | ₹14,400 |
| Retail Maximum | 13 | 234 | ₹1,87,200 |
| S-HNI Minimum | 14 | 252 | ₹2,01,600 |
| B-HNI Minimum | 70 | 1,260 | ₹10,08,000 |
