The Securities and Exchange Board of India (SEBI) has extended the deadline for National Securities Depository Limited (NSDL) to list its shares until July 31, 2025. The IPO, which is a complete offer for sale (OFS) of over 5.72 crore shares, was initially set to be listed by April 11, 2025. NSDL, headquartered in Mumbai, Maharashtra, is one of India’s two central securities depositories, providing services like dematerialization, trade settlement, and e-voting.
The Securities and Exchange Board of India (SEBI) has extended the deadline for National Securities Depository Limited (NSDL) to list its shares until July 31, 2025. The extension follows NSDL’s request due to market conditions, shifting the IPO listing deadline from the earlier April 11, 2025.
NSDL, one of India’s leading central securities depositories, facilitates dematerialization, trade settlements, and electronic voting services for investors. The company, headquartered in Mumbai, Maharashtra, competes with Central Depository Services Limited (CDSL), which is currently the only publicly listed depository in India.
IPO Details and Shareholding Structure
NSDL had filed its IPO papers with SEBI in July 2023 and received approval in September 2024. The IPO is entirely an offer for sale (OFS) with no fresh equity issuance, meaning NSDL will not receive any proceeds. Instead, the company’s existing stakeholders will offload over 5.72 crore equity shares.
The key shareholders in NSDL include:
- IDBI Bank – 26.10% stake
- National Stock Exchange (NSE) – 24% stake
- HDFC Bank – 8.95% stake
- State Bank of India (SBI) – 5% stake
The Draft Red Herring Prospectus (DRHP) mentions an Employee Reservation portion, but details on reservations for other shareholders are not specified.
Financial Performance
Ahead of its IPO, NSDL reported strong financial growth in the October-December 2024 quarter.
- Consolidated net profit rose 30% year-on-year to ₹85.8 crore, up from ₹66.09 crore in the previous year.
- Total income grew 16.2% to ₹391.21 crore, compared to ₹336.67 crore in the same period last year.
Once listed, NSDL will become the second publicly traded depository in India, following CDSL. The IPO is expected to attract significant investor interest, given NSDL’s market dominance and robust financials. However, market conditions will play a key role in determining the stock’s performance post-listing.
