Mumbai: Investors were waiting for the NSDL IPO for a long time. According to recent reports, the IPO may come in July 2025. A report from Bloomberg says that NSDL can raise about 400 million dollars (around Rs 3,300 crore). The company has not officially confirmed the date. SEBI (Securities and Exchange Board of India) had already approved the IPO in October 2024. Now, it is expected to launch in July.
Unlisted Shares Rising Fast
As per a report by Financial Express, NSDL’s unlisted shares are doing very well. Since May, these shares have gone up by about 30 percent. From April to now, they have increased by 40 percent. In the grey market, NSDL shares are now around Rs 1,250 each, while in April, they were only ₹995 per share.
IPO Size Reduced
NSDL has reduced the size of its IPO. In the new version of its DRHP (Draft Red Herring Prospectus) sent to SEBI, the number of shares has been cut down from 57.26 million to 50.15 million shares.
Strong Q4 Performance in FY25
NSDL showed good financial results in the fourth quarter of FY25. Its net profit grew by 4.77 percent to Rs 83.3 crore, compared to Rs 79.5 crore in the same period last year. Total income increased by 9.94 percent, reaching Rs 394 crore, compared to Rs 358 crore last year.
NSDL vs CDSL
NSDL and CDSL both give depository services.
But they focus on different types of customers:
NSDL serves big investors, HNIs (High Net Worth Individuals), and deals in government securities.
CDSL mainly works with retail (small) investors.
