NSDL To Launch Rs 3,000 crore IPO By Next Month

India's first and largest security depository, NSDL (National Securities Depository Limited), will launch its highly-anticipated ₹3,000 crore initial public offering (IPO) next month. A senior NSDL official stated, “Our dates are expiring next month. We are rushing against time to get things done fast. We will try to launch the IPO before that.”

NSDL drafted the red herring prospectus (DRHP) filing in July 2023 and obtained SEBI’s in-principle approval in September 2024. The approval is valid until September 2025. However, as a market infrastructure institution (MII), NSDL requires additional clearances, some of which are approaching their expiration. 

The IPO will be a complete offer for sale (OFS) component of 5.72 crore equity shares, with major stakeholders selling shares, including IDBI Bank Limited, National Stock Exchange (NSE), State Bank of India (SBI), HDFC Bank and Union Bank of India. 

For the quarter ending December 2024, NSDL recorded a 29.82% increase in its consolidated net profit, reaching Rs 85.8 crore from Rs 66.09 crore during the corresponding period last year. Total income also saw a 16.2% rise to Rs 391.21 crore in Q3 FY25 compared to ₹336.67 crore in the corresponding quarter of the previous fiscal year.