National Securities Depository Limited IPO Opens
Analysis based on 15 articles · First reported Jul 25, 2025 · Last updated Jul 30, 2025
The National Securities Depository Limited IPO is expected to generate strong investor interest, indicated by a robust grey market premium, and will make National Securities Depository Limited the second publicly traded depository in India. This event will increase competition for Central Depository Services (India) and is driven by India — Securities and Exchange Board of India's regulatory requirements for principal shareholders like National Stock Exchange of India and IDBI Bank to reduce their stakes.
National Securities Depository Limited (NSDL) is launching its initial public offering (IPO) from July 30 to August 1, 2025, with a price band of Rs 760-800 per share, aiming to raise Rs 4,011.60 crore. This IPO is entirely an offer for sale (OFS) by existing shareholders, including National Stock Exchange of India, State Bank of India, HDFC Bank, IDBI Bank, India, and the Administrator of Specified Undertaking of the Press Trust of India. The primary reason for the OFS is to comply with India — Securities and Exchange Board of India's ownership norms, which limit an entity's stake in a depository company to 15%. National Securities Depository Limited's listing will make it India's second publicly traded depository, following Central Depository Services (India). Market observers note a strong grey market premium, indicating positive investor sentiment and potential listing gains. Brokerage firms like Angel One and Anand Rathi Securities have recommended subscribing to the IPO, citing robust growth in India's securities depository sector.
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