NSDL IPO Opens July 30: Key Details in 10 Points – Eqwires Best Intraday tips provider in India, top trading tips company, Best Stock Advisory service in India

India’s largest depository, National Securities Depository Ltd (NSDL), is set to launch its much-anticipated initial public offering (IPO) on July 30, 2025. The issue has garnered strong interest in the grey market, signaling robust investor sentiment.

1. IPO Dates

Opening Date: July 30, 2025
Closing Date: August 1, 2025
Allotment Finalization: August 4, 2025
Listing Date: August 6, 2025

2. Price Band

₹760 to ₹800 per equity share
Face value: ₹2 per share
Employee Discount: ₹76 per share

3. Issue Size

₹4,011.60 crore
Entirely an Offer for Sale (OFS) of 5.01 crore shares
No fresh issue; proceeds go to selling shareholders

4. Grey Market Premium (GMP)

GMP as of July 29: ₹135–₹137
Indicates potential 17% listing gain over upper price band
GMP is speculative and may fluctuate

5. Lot Size & Investment

Minimum lot: 18 shares
Minimum investment: ₹13,680 at lower band; ₹14,400 at upper band
Bids in multiples of 18 shares

6. Shareholder Divestment

Major selling shareholders include:

IDBI Bank (26.01%)
National Stock Exchange (24%)
SBI, HDFC Bank, Union Bank of India
SUUTI (Specified Undertaking of the Unit Trust of India)

This divestment aligns with SEBI’s ownership norms for market infrastructure institutions.

7. Registrar & Lead Managers

Registrar: MUFG Intime India Pvt Ltd (Link Intime)
Lead Managers: ICICI Securities, Axis Capital, HSBC, IDBI Capital, Motilal Oswal, SBI Capital

8. Financial Snapshot

Market Cap: ₹16,000 crore
FY25 ROE: ~17.1%
ROCE: ~22.7%
EBITDA Margin: ~24%
Price-to-Book: ~8

9. Business Strengths

Largest depository by demat value and active instruments
86.8% market share in demat value as of March 2025
Strong tech infrastructure and diversified fintech subsidiaries (NDML, NPBL)
Services include e-voting, KYC, insurance repositories, and blockchain-based platforms