12-Mar-2024
2 mins read
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The Initial Public Offering (IPO) of National Securities Depository Limited, a book-built issue. An offer for sale of Up to 57,260,001 Equity Shares. The price band and lot size for the NSDL has not yet announced. The opening and closing date for the subscription will be announced in upcoming time.
The lead manager(s) of NSDL are ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, IDBI Capital Markets & Securities Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited whereas Link Intime India Private Limited is decides as the registrar for NSDL IPO. The listing will be on only at BSE (Bombay Stock Exchange)
About National Securities Depository Limited
NSDL is a recognized entity, a SEBI-registered Market Infrastructure Institution ("MII") offering a broad range of products & services to the financial and securities markets in India. After the introduction of the Depositories Act in 1996, the company led the way in dematerializing securities in India in November 1996. As of March 31, 2023, NSDL is reported as the biggest depository in India, taking into account factors such as the number of issuers, active instruments, market share in demat value of settlement volume, and the value of assets held under custody (Source: CRISIL Report). Functioning as a depository, NSDL provides a robust framework, enabling market participants to participate in India's financial and securities markets. hey also have a crucial role in creating products and services to address the expanding requirements of the financial services industry in India.NSDL supports brokers, investors, and other market participants in the Indian capital markets. Their aim is to ensure the safety and soundness of the Indian securities market by creating settlement solutions that enhance efficiency, minimize risk, and reduce costs. Through their depository, investors can hold securities in digital form via accounts called "Demat Accounts" held with them through depository participants. This encompasses securities in dematerialized form across various asset classes, such as debt instruments (corporate debt, commercial paper, certificate of deposit, pass-through certificate, security receipts, government securities, sovereign gold bonds, municipal debt, treasury bill), equities (listed and unlisted), preference shares, funds (mutual funds, REITs, InvITs, and AIFs), warrants, and electronic gold receipts.
Utilization of NSDL Offer Proceeds
National Securities Depository Limited will not receive any proceeds from the Offer (“Offer Proceeds”) and all such proceeds (net of any Offer related expenses to be borne by the Selling Shareholders) will go to the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholder as part of the Offer.
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Financial Performance of NSDL (In Rs Crore)
The Company reported its net revenue of 1,099.81 Cr and Profit after Tax of 234.81 Cr for the year ended 31 March, 2024, company reported a 10.46% increase in its Profit After Tax (PAT) compared to the previous year.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 2,093.48 | 1,692.75 | 1,504.01 |
| Revenue | 1,099.81 | 821.29 | 526.12 |
| Profit After Tax | 234.81 | 212.59 | 188.57 |
| Net Worth | 1,428.86 | 1,211.62 | 1,019.30 |
| Reserves and Surplus | 1,388.86 | 1,171.62 | 979.3 |
| Total Borrowing | - | - | - |
Important Details of NSDL IPO 2024
| IPO Date | Yet to be announced |
| Listing Date | Yet to be announced |
| Face Value | Rs. 2 each |
| Price Band | Yet to be announced |
| Lot Size | Yet to be announced |
| Total Issue Size | Yet to be announced |
| Fresh Issue | Not applicable |
| Offer for Sale | Up to 57,260,001 Equity Shares |
| Employee Discount | Yet to be announced |
| Issue Type | Book Built Offer |
| Listing At | BSE |
| Shareholding pre issue | 200,000,000 Equity Shares |
| Shareholding post issue | 200,000,000 Equity Shares |
Tentative Timetable of NSDL IPO 2024
| IPO Open Date | Yet to be announced |
| IPO Close Date | Yet to be announced |
| Basis of Allotment | Yet to be announced |
| Initiation of Refunds | Yet to be announced |
| Credit of Shares to Demat | Yet to be announced |
| Listing Date | Yet to be announced |
| Cut-off time for UPI mandate confirmation | Yet to be announced |
IPO Reservation of NSDL
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% |
| Retail Shares Offered | Not less than 35% |
| NII (HNI) Shares Offered | Not less than 15% |
Key Performance Indicator of National Securities Depository Limited
| KPI | Values |
| ROE | 16.43% |
| ROCE | - |
| Debt/Equity | - |
| RoNW | 16.43% |
| P/BV | - |
| PAT Margin (%) | 21.35% |
Promoter Holding of NSDL
| Shareholding Pre Issue | 73.69% |
| Shareholding Post Issue | - |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 11.74 | - |
| P/E (x) | - | - |
Promoters of the NSDL
NSDL is a professionally managed company and does not have an identifiable Promoter.
Lead Manager(s) of NSDL
The lead manager(s) of NSDL are ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, IDBI Capital Markets & Securities Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited.
How to Apply for NSDL IPO
Wait for the public issue to open for subscription, then click here to apply for the NSDL IPO 2024 with Bigul.
How to Check Allotment Status of NSDL IPO
The registrar for NSDL IPO is Link Intime India Private Limited. Investors can check out the allotments status by clicking here.
FAQs
1. When is the IPO scheduled to open and close?
NSDL IPO opening and closing date are yet to be disclosed.
2. What will be the price band for the IPO?
NSDL IPO IPO price band is not yet disclosed.
3. How has NSDL performed financially?
The Company reported its net revenue of 1,099.81 Cr and Profit after Tax of 234.81 Cr for the year ended 31 March, 2024, company reported a 10.46% increase in its Profit After Tax (PAT) compared to the previous year.
4. What are the key performance indicators of NSDL?
Key performance indicators include a Return on Net Worth of 16.43% as of year ended 31 march 2023 whereas Profit after Tax margin is 21.35%.
5. How can I apply for the NSDL IPO?
Once the NSDL IPO opens, you can apply for it by clicking here with us on bigul.
6. How can I check the allotment status of NSDL IPO?
Investors can check their allotment status of the NSDL IPO by visiting here.
7. Who are the promoters of National Securities Depository Limited?
NSDL is a professionally managed company and does not have an identifiable Promoter.
8. How many Directors are at NSDL?
There are 7 Directors in the board of NSDL, i.e., Mr. Parveen Kumar Gupta, Ms. Padmaja Chunduru, Prof. Rajat Moona, Dr. Rajani Gupte, Dr. Madhu Sudan Sahoo, Mr. Shailendra Nadkarni and Mr. Sriram Krishnan.
9. Where will the IPO be listing at?
The IPO will be listed on the BSE (Bombay Stock Exchange).
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