NSDL IPO 2025 – Complete Guide with Dates, Price, Lot Size, Financials & FAQs

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The much-awaited IPO of National Securities Depository Limited (NSDL) is finally here in 2025. NSDL, India's first and largest depository, is launching its IPO, creating a buzz in the stock market. Here's everything you need to know about the NSDL IPO—from issue dates, price band, financials, GMP, lot size, business overview to FAQs.

📌 NSDL IPO Overview

• IPO Open Date: July 30, 2025
• IPO Close Date: August 1, 2025
• Price Band: ₹760 – ₹800 per share
• Lot Size: 18 shares
• Issue Size: Approx ₹3,300 crores
• Type of Issue: Offer for Sale (OFS)
• Listing on: NSE & BSE

🏢 About NSDL

Established in 1996, NSDL is the pioneer of dematerialization in India. It holds and manages securities like shares, debentures, bonds, and mutual funds in electronic form. With over 3 crore investor accounts and ₹500+ lakh crores in demat assets, NSDL plays a key role in India’s financial market infrastructure.

📈 NSDL Financial Performance

Financial Year	Revenue (₹ Cr)	Net Profit (₹ Cr)	EBITDA Margin
2022–23	934	242	52%
2021–22	865	210	50%
2020–21	750	178	48%

💼 NSDL Business Strengths

• India’s largest depository by number of active demat accounts
• Robust financials with high profit margins
• Long-standing relationships with SEBI, NSE, and financial institutions
• Advanced tech infrastructure for e-voting, KYC, TIN, etc.

⚠️ Risk Factors

• Highly regulated industry; dependent on SEBI and Government policies
• Competition from CDSL
• Any tech failure or cyberattack could impact credibility

💹 IPO Grey Market Premium (GMP)

As of July 30, 2025, the NSDL IPO GMP is ₹105, indicating a strong listing gain sentiment among investors.

📝 How to Apply for NSDL IPO?

1. Login to your broker account (Zerodha, Upstox, Groww, etc.)
2. Go to the IPO section and select NSDL IPO
3. Enter UPI ID and bid at your preferred price
4. Approve the UPI mandate
5. Wait for allotment results

📊 NSDL IPO Allotment & Listing Dates

• IPO Allotment Date: August 5, 2025
• Listing Date: August 7, 2025

❓ Frequently Asked Questions (FAQs)

1. What is the NSDL IPO price band?

The price band is ₹760 to ₹800 per share.

2. When is the NSDL IPO open for subscription?

It opens on July 30 and closes on August 1, 2025.

3. What is the lot size for the NSDL IPO?

The minimum lot size is 18 shares.

4. Is NSDL IPO a good investment?

Given NSDL's market position, strong financials, and tech adoption, it is considered a strong investment. However, assess risk factors before investing.

5. How to apply for NSDL IPO via UPI?

Use a broker platform like Zerodha or Groww, enter UPI ID, place the bid, and approve the UPI request.

6. Will NSDL IPO be listed on both NSE and BSE?

Yes, the shares will be listed on both NSE and BSE.

7. What is the expected listing gain for NSDL IPO?

With a GMP of ₹105, the expected gain is 12-15%, but actual listing price may vary.

8. Who are the lead book-running managers for this IPO?

ICICI Securities, IDBI Capital, and JM Financial.

9. What is the objective of the NSDL IPO?

It is an Offer for Sale, so proceeds go to existing shareholders.

10. Where can I check NSDL IPO allotment status?

You can check it on the registrar’s website or your broker platform after allotment.