Get the latest NSDL IPO GMP, price band, lot size, allotment status, and listing date. Explore NSDL’s business model, financials, and whether you should invest in this ₹4,011.60 crore IPO.
NSDL IPO GMP, Price, Date, Allotment & Listing – Full Analysis 2025
1. Introduction
The NSDL IPO GMP has already started gaining traction among investors even before the official subscription date. With a robust reputation and a dominant market presence, National Securities Depository Limited (NSDL) is all set to hit the primary market. In this blog, we break down every essential detail about the NSDL IPO, including its Grey Market Premium, financials, risks, and whether you should invest.
2. About the Company
Established in 1996, National Securities Depository Limited (NSDL) is India’s first and largest depository institution. It provides a range of services related to dematerialization, securities settlement, and other market infrastructure activities. NSDL plays a pivotal role in digitizing and maintaining records of investors' securities in electronic form.
3. NSDL IPO Details
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IPO Size: ₹4,011.60 crores
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Type: 100% Offer for Sale (OFS)
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Number of Shares: 5.01 crore
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Price Band: ₹760 – ₹800 per share
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Face Value: ₹2 per share
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Exchange: BSE
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Listing Date (Tentative): August 6, 2025
4. Objects of the IPO
Since it’s a complete Offer for Sale, the company will not receive any proceeds. The objective is to provide an exit route to existing shareholders and list the company on the stock exchange.
5. Business Model & Product Portfolio
NSDL earns its revenue through service fees from demat accounts, transactions, and value-added services. The business is backed by a solid ecosystem including banks, brokers, and mutual funds. Its offerings include e-Voting, e-Sign, and other e-governance services.
6. Financial Performance (Last 3 Years)
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FY 2023: Revenue – ₹774 crore | Net Profit – ₹234 crore
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FY 2022: Revenue – ₹712 crore | Net Profit – ₹208 crore
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FY 2021: Revenue – ₹659 crore | Net Profit – ₹184 crore
Consistent growth in profit and revenue highlights NSDL’s strong fundamentals.
7. IPO Grey Market Premium (GMP) & Listing Estimate
The NSDL IPO GMP is currently trending around ₹50–₹70 in the grey market. This indicates strong investor interest and a potential listing gain of 6–9% over the upper price band of ₹800. However, GMP is speculative and should not be the only basis for investment decisions.
8. Valuation & Peer Comparison
With a valuation of nearly ₹16,000 crore, NSDL is seen as a close peer to CDSL. While CDSL is already listed and has shown strong market performance, NSDL leads in terms of institutional client base and technological infrastructure.
9. Strengths of the Company
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Market leader with high brand recall
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Consistent financial performance
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Strong promoter and stakeholder base
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High entry barriers in depository business
10. Weaknesses / Risk Factors
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Complete OFS – No capital inflow for future growth
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High dependency on transaction volumes
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Regulatory risks from SEBI & other authorities
11. IPO Schedule: Date, Allotment & Listing
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Open Date: July 30, 2025
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Close Date: August 1, 2025
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Allotment Date: August 4, 2025
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Listing Date: August 6, 2025
12. Lot Size & Investment Limits
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Retail Investors: 1 lot = 18 shares = ₹13,680
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sNII (Small HNI): 14 lots = 252 shares = ₹2,01,600
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bNII (Big HNI): 70 lots = 1,260 shares = ₹10,08,000
13. IPO Reservation for Retail, QIB & HNI
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QIB: 50%
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NII (HNI): 15%
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Retail: 35%
14. Promoters & Shareholding Pattern
NSDL’s key shareholders include IDBI Bank, NSE, and other financial institutions. Post-IPO, the promoter holding will reduce, providing higher public float and liquidity in the market.
15. FAQs about the IPO
Q. What is the NSDL IPO GMP today?
A. As of now, the NSDL IPO GMP is around ₹50–₹70, indicating decent listing expectations.
Q. Is there any fresh issue in the NSDL IPO?
A. No, it is a 100% Offer for Sale (OFS).
Q. What is the listing date for the NSDL IPO?
A. Tentative listing date is August 6, 2025.
16. Conclusion – Should You Invest?
NSDL is a trusted name in the capital markets ecosystem, backed by strong financials and a near-monopoly market position. The NSDL IPO GMP suggests a healthy listing pop, and its long-term prospects look promising. However, since there’s no fresh capital infusion, growth will depend on internal capabilities. Conservative and long-term investors may consider subscribing after analyzing valuations and risk appetite.
