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NSDL IPO: From financials and dividend policy to listing, 5 FAQs answered
4 min read | Updated on August 05, 2025, 08:42 IST
SUMMARY
NSDL IPO: The depository seeks to raise ₹4,011.60 crore via an offer for sale of 5.01 crore shares. Those offloading their stake under OFS include IDBI Bank, National Stock Exchange of India (NSE), State Bank of India (SBI), Union Bank of India, HDFC Bank, and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI).
NSDL had posted a profit after tax of ₹343.12 crore in FY25. | Image: X/@NSDL_Depository
The depository seeks to raise ₹4,011.60 crore via an offer for sale of 5.01 crore shares. Those offloading their stake under OFS include IDBI Bank, National Stock Exchange of India (NSE), State Bank of India (SBI), Union Bank of India, HDFC Bank, and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI).
When will NSDL IPO shares be listed? Check date and time
Shares of NSDL will debut on BSE (formerly Bombay Stock Exchange) on Wednesday, August 6, at 10 am.
Has NSDL paid dividends in recent years?
The firm declared a 50% dividend on the equity shares during FY23 and FY24, respectively. The depository's board, for FY25, recommended a dividend of 100% on shares, subject to approval from the company's shareholders at the annual general meeting.
| Particulars | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
|---|---|---|---|
| Number of Shares at period ended | 200,000,000 | 200,000,000 | 200,000,000 |
| Face value per Equity Share (in ₹) | 2 | 2 | 2 |
| Final Dividend paid for the FY (in ₹ million) | - | 200.00 | 200.00 |
| Dividend per Equity Share (in ₹) | - | 1.00 | 1.00 |
| Rate of dividend (%) | - | 50.00% | 50.00% |
| Dividend distribution tax (in ₹ million) | - | Nil | Nil |
| Dividend distribution tax (%) | - | - | - |
| Mode of payment of dividend | - | Bank transfer | Bank transfer |
A look at NSDL financials
| Particulars (₹ in million) | As at March 31, 2025 | As at March 31, 2024 |
|---|---|---|
| INCOMES | ||
| Revenue from operations | 14,201.46 | 12,682.44 |
| Other income | 1,150.41 | 974.61 |
| Total Income | 15,351.87 | 13,657.05 |
| EXPENSES | ||
| Employee benefits expense | 1,385.27 | 1,231.99 |
| Depreciation and amortisation expense | 354.03 | 241.23 |
| Finance cost | 40.97 | 20.60 |
| Contribution to investor protection fund | 154.21 | 114.83 |
| Other expenses | 8,906.92 | 8,485.27 |
| Total Expenses | 10,841.40 | 10,093.92 |
| **Profit before Share of Profit ** | 4,510.47 | 3,563.13 |
| Share of Profit/(loss) of Associate* | 23.96 | (13.63) |
| Profit before Tax | 4,534.43 | 3,549.50 |
| Tax Expense | ||
| Current tax | 1,052.96 | 803.10 |
| Deferred tax charge / (credit) | 50.23 | (8.05) |
| Total Tax Expenses | 1,103.19 | 795.05 |
| Profit after Tax | 3,431.24 | 2,754.45 |
NSDL's Board of Directors
As per the RHP, the company's Board comprises seven directors, including a managing director (MD), four public interest directors, and three non-independent directors (including the MD).
- Vijay Chandok, Managing Director and Chief Executive Officer, NSDL
- Parveen Kumar Gupta, Chairman and 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
NSDL IPO: A look at promoters
NSDL in its RHP said that it is a professionally managed company and doesn't have any identifiable promoters in terms of SEBI ICDR Regulations and the Companies Act 2013.
"Consequently, there are no members forming part of the ‘promoter group’ in terms of the SEBI ICDR Regulations," it said.
"Our Board, pursuant to the resolution dated June 18, 2020, which was approved by the Shareholders at their annual general meeting dated September 29, 2020, approved the re-classification of certain Shareholders of our Company, namely, IDBI Bank Limited, National Stock Exchange of India Limited, and Administrator of the Specified Undertaking of the Unit Trust of India, from the ‘Promoter’ category into ‘Public’ category in accordance with the notification of the SEBI D&P Regulations, on account of deletion of the concept of ‘Sponsor’ under the SEBI D&P Regulations," NSDL said.
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