NSDL IPO

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NSDL is India’s first and one of the largest depositories, facilitating the holding and transfer of securities in electronic form. Incorporated in 1996, it has played a pivotal role in modernizing the Indian capital markets by eliminating the risks and inefficiencies associated with physical certificates.

Core Services

a) Demat Accounts: Enables investors to hold shares and other securities electronically.

b) Clearing & Settlement: Facilitates smooth and secure settlement of trades.

c) Corporate Actions Handling: Automates processes like dividends, rights, and bonus issues.

d) KYC & Investor Services: Registered as a KYC Registration Agency (KRA), offering e-KYC and Aadhaar-based verification.

Market Position & Reach

NSDL holds assets worth over ₹400 lakh crore under custody and services more than 3 crore demat accounts through its extensive network of Depository Participants. It is seamlessly integrated with both NSE and BSE, along with multiple clearing corporations, playing a crucial role in the Indian capital market infrastructure.

Strategic Relevance

As India’s digital financial infrastructure expands, NSDL is central to:

i) Supporting rising retail participation in markets

ii) Facilitating seamless IPO allotments

iii) Enabling secure record-keeping for mutual funds, bonds, and insurance repositories

Governance & Compliance

NSDL operates under the regulatory oversight of SEBI, ensuring transparency, investor protection, and systemic integrity. It is instrumental in implementing national market infrastructure reforms such as T+1 settlement and e-KYC.

Objects of the NSDL IPO:

The company will not receive any proceeds from the offer; all net proceeds will go to the selling shareholders based on their respective share of the sale.
DRHP of NSDL IPO

NSDL IPO Details:

Face Value: ₹ 2 Per Equity Share
Listing At: NSE,BSE

Promoters And Management:

1. Padmaja Chunduru is the Managing Director and CEO of the Company since September 22, 2021. With over 37 years of banking experience in India and the U.S., she previously served as MD & CEO of Indian Bank and held senior roles at SBI, including Deputy MD and Country Head (U.S. Operations). She is a recipient of several prestigious awards and led the Indian Bank–Allahabad Bank merger, now a Harvard Business School case study. 2. Parveen Kumar Gupta is the Chairman and Public Interest Director of the Company since September 6, 2022. He has 39 years of banking experience and held key positions at SBI, including MD (Risk & Compliance), MD (Retail), and CEO of SBI Capital Markets. He is also a member of various RBI committees and a former Senior Advisor at Bank of Baroda. 3. Madhu Sudan Sahoo has been a Public Interest Director since April 18, 2023. With over four decades of experience in economic policy and financial market regulation, he has served as Chairperson of the IBBI, SEBI Whole-Time Member, Economic Adviser at NSE, and Director in the Ministry of Finance. He is currently a Distinguished Professor at NLU Delhi and has led several high-level government committees.

Financials of NSDL IPO: 

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of NSDL IPO:

  1. Axis Capital Limited
  2. HSBC Securities & Capital Markets Private Limited
  3. ICICI Securities Limited
  4. IDBI Capital Market Services Limited
  5. Motilal Oswal Investments Advisors Private Limited
  6. SBI Capital Markets Limited

Registrar of NSDL IPO:

  1. Link Intime India Private Limited

Discussion on NSDL IPO:

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