National Securities Depository was incorporatd on April 27, 2012. The company is a SEBI-registered Market Infrastructure Institution providing a strong depository framework for India’s financial markets. Through innovative tech, it supports market participants while enhancing efficiency, reducing risk, and ensuring market stability
| Bidding Dates |
|---|
| 30 Jul 2025 - 01 Aug 2025 |
| Subscription |
|---|
| 41.01x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,680 | 1 | 13 | 18 | 50.1 M | ₹760 - ₹800 | - | ₹38110.2 M - ₹40116.0 M | RHP DOC |
National Securities Depository IPO SUBSCRIPTION STATUS
01 Aug '25National Securities Depository IPO overall subscription rate was 41.01 times the total available shares
National Securities Depository IPO retail subscription rate was 7.73 times in the retail segment
National Securities Depository IPO non-institutional investor subscription rate was 34.98 times in the non-institutional investor category
National Securities Depository IPO Qualified Institutional Bidder subscription rate was 103.97 times the available shares for Qualified Institutional Bidder
National Securities Depository IPO Employees subscription rate was 15.42 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
01 Aug 2025 (Day 3) | 7.73x | 34.98x | 103.97x | 15.42x |
31 Jul 2025 (Day 2) | 4.17x | 11.08x | 1.96x | 7.69x |
30 Jul 2025 (Day 1) | 1.87x | 2.83x | 0.84x | 3.68x |
National Securities Depository FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) |
| FY25 | 1,420.1 | 343.1 | 557.8 | 483.6 |
| FY24 | 1,268.2 | 275.4 | 112.9 | -131.0 |
| FY23 | 1,022.0 | 234.8 | 507.9 | 459.1 |
National Securities Depository IPO SUBSCRIPTION STATUS DETAILS
National Securities Depository had 50.1 M shares on offer
National Securities Depository IPO offer price was in the range ₹760 - ₹800
National Securities Depository IPO minimum Investment was ₹13680
National Securities Depository IPO issue size was ₹ 38110.2 M - ₹ 40116.0 M
National Securities Depository had a minimum lot size of 18 Shares per application
National Securities Depository NUMBER OF SHARES ON OFFER
National Securities Depository IPO IMPORTANT DATES
| Issue Open Date | 30 Jul 2025 |
| Issue close Date | 01 Aug 2025 |
| Allotment Date | 04 Aug 2025 |
| Refund Date | 05 Aug 2025 |
| Demat Account Credit Date | 05 Aug 2025 |
| Listing Date | 06 Aug 2025 |
| Listing on Exchange(s) | BSE |
| National Securities Depository Allotment Status | Exchange/ Registrar |
National Securities Depository IPO subscription opened on 30 Jul 2025, and closed on 01 Aug 2025
IPO allotment for National Securities Depository was finalized on Monday, 04 Aug 2025
IPO listing for National Securities Depository was on BSE on Wednesday, 06 Aug 2025
National Securities Depository IPO LISTING GAINS
| Issue Price (adjusted) | 800.0 |
| Listing Open Price | 880.0 |
| Listing Close Price | 936.0 |
| Listing Gain% | 10.0% |
| Current Gain% | 2.0% |
National Securities Depository Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| National Securities Depository Ltd. | 816.1 | 16322 | 42 | 4.5 | 9.4 | 16 | 9.9 | 1660.2 | 8.1 | 379.7 | 10.7 | 19.4 | 9.4 |
| Crisil Ltd. | 4480.8 | 32768.1 | 37.1 | 1.7 | 7.9 | 25.2 | 16.5 | 3755.6 | 12.1 | 766 | 12 | 120.9 | 21.5 |
| Central Depository Services (India) Ltd. | 1347 | 28152.3 | 59.7 | -12.6 | 23.9 | 23.3 | 18.8 | 1238.5 | 3.3 | 456.1 | -13.4 | 22.5 | -4.8 |
| IIFL Finance Ltd. | 619.2 | 26341.7 | 12.5 | 0 | 1.8 | 11.9 | 1.9 | 13373.8 | 30.6 | 1660.8 | 338.5 | 49.4 | 548.8 |
| KFIN Technologies Ltd. | 935 | 16161.1 | 47.3 | -1146.7 | 11.7 | 20.5 | 12.4 | 1343.9 | 19.1 | 343.7 | 3.3 | 19.8 | 0 |
| Prudent Corporate Advisory Services Ltd. | 3401.4 | 14084.1 | 57.5 | 2.8 | 10.3 | 25.2 | 18.1 | 1340.6 | 18.3 | 222.1 | 13.5 | 59.2 | 20.6 |
National Securities Depository INFORMATION ON IPO ISSUE
About National Securities Depository
National Securities Depository was incorporatd on April 27, 2012. The company is a SEBI-registered Market Infrastructure Institution providing a strong depository framework for India’s financial markets. Through innovative tech, it supports market participants while enhancing efficiency, reducing risk, and ensuring market stability
Object of the Issue
- To carry out the offer for sale of up to 50,145,001 equity shares by the selling shareholders
- To achieve the benefits of listing the equity shares on BSE
National Securities Depository - PROMOTERS
| Name |
|---|
| IDBI Bank Limited |
| National Stock Exchange of India Limited |
National Securities Depository - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vijay Chandok | Managing Director & Chief Executive Officer |
| Parveen Kumar Gupta | Chairman & Public Interest Director |
| Madhu Sudan Sahoo | Public Interest Director |
| Rajat Moona | Public Interest Director |
| Sripriya Kumar | Public Interest Director |
| Sanjay Panicker | Non-Independent Director |
| Sriram Krishnan | Non-Independent Director |
National Securities Depository Book Running Lead Manager
ICICI Securities Limited
nsdl.ipo@icicisecurities.com
Axis Capital Limited
nsdl.ipo@axiscap.in
HSBC Securities and Capital Markets (India) Private Limited
nsdlipo@hsbc.co.in
IDBI Capital Markets & Securities Limited
nsdl.ipo@idbicapital.com
Motilal Oswal Investment Advisors Limited
nsdl.ipo@motilaloswal.com
SBI Capital Markets Limited
nsdl.ipo@sbicaps.com
National Securities Depository Registrar to the Offer
MUFG Intime India Private Limited
nsdl.ipo@in.mpms.mufg.com
National Securities Depository Strengths
Diversified asset classes
The company holds a strong position in the depository market, with demat accounts covering a wide range of asset classes. As of March 31, 2025, it managed 85.06% of securities by number and 86.81% by value
Strong IT infrastructure
To support a growing market, the company has enhanced its IT infrastructure and implemented a CPMI-IOSCO-based risk management system. A 24/7 Security Operations Center ensures real-time monitoring and response to cyber threats
Technology-led product innovation
The company has built a tech-driven depository system serving participants, issuers, and clearing entities. It pioneered SMS alerts in 2007 and offers value-added services like Speed-e, STeADY, and IDeAS for seamless digital access and transactions
National Securities Depository Risks
Depend on its network
The company relies heavily on its network of depository participants and their service centers. Challenges in managing or expanding this network may affect growth, cash flows, and overall financial performance
Competition
The company, one of two securities depositories in India, operates in a highly regulated space and competes with CDSL. Key competitive areas include demat accounts, depository participants, custody value, and innovative product offerings
Depend on IT systems
The company depends on complex IT systems, and any disruption or security breach could impact operations, reputation, and finances. Such incidents may also attract penalties, including possible disincentives from SEBI
IPO FAQs
This IPO consists of an offer for sale of up to Rs 4,011.6 crore, of 50,145,001 shares.
The promoters of the company are IDBI Bank Limited and National Stock Exchange of India Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 760.0 - 800.0.
The IPO application opens on Jul 30, 2025 and closes on Aug 01, 2025.
The minimum lot size for the IPO is 18. The maximum lot size for the IPO is 234.
For all category investors, the minimum application amount for this IPO is Rs. 13,680.0, the maximum value for this IPO is Rs 187,200.0.
This IPO will be allotted on Aug 04, 2025.
The refund will be credited to your account on Aug 05, 2025.
The allotted shares will be credited to your demat on Aug 05, 2025.
National Securities Depository Ltd.’s shares listed on the stock exchanges on Aug 06, 2025.