14-Jul-2025
2 mins read
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NSDL upcoming IPO is expected to be one of the most attention-grabbing IPO 2025 among market participants across India. The company that handles most of our digital stock transactions is finally going public, and there's plenty to unpack here.
This isn't just another IPO launch - we're talking about essential market infrastructure that processes millions of transactions daily. For investors looking to participate, here's what we gather for you.
What is NSDL? A Quick Overview
National Securities Depository Limited (NSDL) founded back in August 1996, has grown into India's largest securities depository. Every time you buy or sell shares through your broker, there's a good chance NSDL is handling the backend processes.
The scale is impressive. Over 3.76 crore active Demat accounts operate through their systems as of August 31, 2024. Their network covers virtually every pin code in India - over 99% coverage - and extends to 186 countries worldwide.
NSDL IPO particularly interesting from an investment standpoint is its shareholder base. Major institutions like IDBI Bank, NSE, State Bank of India, HDFC Bank, and Union Bank of India hold significant stakes. These aren't Just casual investors - they understand the value of this infrastructure.
NSDL IPO Open Date and Closing Date
- IPO Open Date: July 30, 2025
- IPO Close Date: August 1, 2025
The NSDL IPO window opens from July 30 to August 1, 2025, allowing investors three days to submit their applications.
NSDL IPO Price Band and Lot Size
- Price Band: Rs 760 - Rs 800
- Market Lot: 18 shares
NSDL IPO Price band is set to Rs 760 - Rs 800 with 18 shares in each lot. The minimum amount required for retail investors to apply for NSDL IPO is Rs 14,400.
NSDL IPO Issue Size and Offer Details
- Total Issue Size: 4,011.66 (5,01,45,001 shares)
- Type: 100% Offer for Sale (OFS)
- Listing Exchanges: BSE
Here's something worth noting - this is entirely an offer for sale. No fresh capital is being raised for the company. Existing shareholders are monetising their holdings instead.
The Rs 4,011.66 crore size puts this among the larger IPOs for 2025.
Some investors prefer fresh issue IPOs because new capital can drive business growth. However, for a company like NSDL with established operations and steady cash flows, the OFS structure isn't necessarily negative.
NSDL IPO Allotment Status: How to Check
- Allotment Status: Aug 4, 2025
- Initiation of Refunds: Aug 5, 2025
- Credit to Demat Account: Aug 5, 2025
- Listing Date: Aug 6, 2025
You can check your NSDL IPO allotment status easily. Here's the process:
- Go to the registrar's website (MUFG Intime India Private Limited)
- Enter your PAN, application number, or DP/Client ID
- Results appear instantly once allotment is finalised
NSDL IPO GMP Live
- Latest GMP (as of July 14, 2025): Rs 137 per share
The grey market isn't showing any premium right now, which tells us something about current sentiment. Zero GMP often indicates either conservative pricing or measured investor expectations.
This could actually work in favor of retail investors. When grey market premiums are high, it usually means heavy speculation. A flat GMP suggests more realistic pricing and better allocation chances for genuine investors.
Remember that GMP can change quickly as we approach the listing date. Market conditions and investor sentiment both influence these unofficial rates.
Why is the NSDL IPO Attracting Attention?
Several factors are driving investor interest:
NSDL dominates India's depository services market. This isn't a company fighting for market share - they already have it. Market leadership in essential financial infrastructure creates significant competitive advantages.
The financial numbers support this position. Revenue grew 20.53% YOY to Rs 1,099.81 crore in March 2023. PAT jumped 33.91% to Rs 234.81 crore. These aren't massive growth rates, but they're consistent and sustainable.
Their infrastructure handles over 31 million active accounts through 283 depository participants nationwide. Building something comparable would require massive investment and regulatory approvals that could take years.
SEBI cleared the IPO back in October 2024, removing regulatory uncertainty. All compliance requirements are complete, which reduces execution risk.
How to Apply for NSDL IPO
To apply for the NSDL IPO, you can simply use our platform for a smooth and convenient experience. You can apply directly through the Bigul App or by visiting our website here. Start investing in IPOs with just a few clicks. You will need demat account to apply for NSDL IPO 2025, to open free demat and trading account you can click here.