NSDL IPO sets price band of ₹760 to ₹800 per share; check lot size, key dates and more

NSDL IPO: The initial public offering of National Securities Depository Ltd (NSDL) has fixed a price band of ₹760 to ₹800 per share. The issue is live from July 30 to August 1.

The initial share sale seeks to raise ₹4,011.60 crore via offer for sale (OFS) of 50,145,001 shares.

Those offloading their stake under the OFS include the National Stock Exchange of India (NSE), HDFC Bank, State Bank of India (SBI), Union Bank of India, IDBI Bank, and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI).

Since the IPO is solely an OFS, the company will not get any proceeds from the public offer.

NSDL IPO: Lot size

A lot consists of 18 equity shares. NSDL has reserved 50% of the net offer for qualified institutional buyers (QIBs), 35% for retail individual investors (RIIs), and 15% for non-institutional investors (NIIs).

NSDL IPO: Key dates

The bidding for anchor investors would occur on July 29. The offer is live from July 30 to August 1.

The basis of allotment is likely to be finalised on August 4. Initiation of refunds for unsuccessful investors would take place on August 5, while shares will be credited to the Demat account of allottees on the same day. Listing on the BSE will take place on August 6.

National Securities Depository Ltd (NSDL) IPO key details in points

• Subscription dates: July 30 to August 1
• Price Band: ₹760 to ₹800
• Issue size: ₹4,011.60 crore
• Lot size: 18 shares
• Listing date: August 6

ICICI Securities, HSBC Securities and Capital Markets (India), Axis Capital, IDBI Capital Markets & Securities, SBI Capital Markets, and Motilal Oswal Investment Advisors are the book-running lead managers for the issue. MUFG Intime India Pvt Ltd serves as the registrar.

NSDL is a SEBI-registered market infrastructure institution engaged in providing products and services related to the financial and securities markets in India.

For the financial year 2024-25 (FY25), the depository's profit after tax (PAT) advanced 24.57% year-on-year (YoY) to ₹343 crore, and total income climbed 12.41% YoY to ₹1,535 crore.

NSDL IPO GMP