- The company raises over ₹1,201 crore from anchor investors ahead of its IPO
- The IPO will remain open for public subscription until Friday, August 1
- The lot size for the IPO is a minimum of 18 shares or in multiple thereof
NE BUSINESSS BUREAU
AHMEDABAD, JUKY 30
The National Securities Depository Ltd (NSDL) on Wednesday announced the opening of its three-day subscription window. It will remain open for public subscription until Friday, August 1. The company has fixed a price band in the range of ₹760 to ₹800 per share.
The lot size for the IPO is a minimum of 18 shares or in multiple thereof
The mainboard issue of ₹4,011.16 crore is purely offer-on-sale (OFS).
When asked about the reason for coming out with this IPO, Vijay Chandok, MD & CEO, NSDL, said, “The listing of NSDL is crucial in order to comply with Sebi’s ownership norms. These regulations require that no entity can hold more than 15 per cent of the shareholding in a depository company. NSDL’s principal shareholders, IDBI Bank and the NSE, are required to reduce their stake in the company to comply with Sebi’s rule. Currently, IDBI holds 26.10 per cent and NSE owns 24 per cent stake in NSDL, which exceeds the permissible limit.”
The IPO only consists of an offer for sale (OFS) component of 5.01 crore shares and those selling shares under this are — the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and the Administrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO.
It is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, NSDL pioneered the dematerialisation of securities in India in November 1996.
“As of March 31, 2025, we are the largest depository in India in terms of the number of issuers, the number of active instruments, market share in demat value of settlement volume and value of assets held under custody. Further, as of March 31, 2025, we have a network of 65,391 depository participants’ service centres as compared to 18,918 such centres with CDSL,” NSDL MD & CEO said.
NSDL said half of the IPO has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional.
For the full financial year 2024-25, the depository’s net profit surged by 24.57 per cent to ₹343 crore and total income rose to ₹1,535 crore, a 12.41 per cent increase over FY 2023-24.
The company’s listing will be on the BSE and NSE on August 6, 2025.
ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, IDBI Capital Markets & Securities Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the book running lead managers to the Offer and HDFC Bank Limited is the marketing book running lead manager.
The company raises over ₹1,201 cr from anchor investors
The National Securities Depository Ltd. (NSDL) mobilised over Rs 1,201 crore from institutional investors on Tuesday, a day before its initial share-sale opening for public subscription.
This anchor portion witnessed participation from domestic and foreign institutional investors, including Life Insurance Corporation of India (LIC), Smallcap World Fund Inc, SBI Mutual Fund (MF), Fidelity Funds and Nippon India MF, according to a circular uploaded on the BSE’s website.
SBI Life Insurance Company and HDFC Life Insurance Company, Abu Dhabi Investment Authority, Ashoka WhiteOak India Opportunities Fund, ICICI Prudential MF and HDFC MF are also among the investors.
Of these, LIC was the largest investor, picking up nearly 18 lakh shares, amounting to 11.99 per cent of the total anchor book, for ₹144 crore.
According to the circular, NSDL has allotted over 1.5 crore equity shares to 61 funds at ₹800 apiece. This aggregates the transaction size to ₹ 1,201.4 crore.
