NSDL Files for IPO: A Milestone in India's Financial Sector

National Securities Depository Ltd (NSDL), India’s premier depository, has taken a significant step towards its initial public offering (IPO) by filing a draft red herring prospectus (DRHP). This move marks a pivotal moment in the Indian financial landscape, with the IPO being a pure offer for sale of up to 5.01 crore shares by its existing shareholders.

IPO Details and Shareholder Participation

The anticipated price band for the IPO is set between Rs 700 to Rs 800 per share, projecting the issue size to range from Rs 3,500 crore to Rs 4,000 crore. Notably, the IPO will not include any fresh issue of shares. Major shareholders like IDBI Bank, holding a 26.10% stake, and the National Stock Exchange, with a 24% stake, are among those divesting their shares.

Financial Performance and Revenue Streams

NSDL reported a robust revenue from operations of Rs 1,420.15 crore in FY25, with a profit after tax attributable to equity shareholders at Rs 343.12 crore. The company's revenue is significantly driven by banking services, contributing over half of its operating revenue.

IPO Timeline and Listing

The IPO is scheduled to open for anchor investors on July 29, followed by the main bidding window from July 30 to August 1. The shares are proposed to be listed on the BSE, marking a new chapter for NSDL in the public domain.