Mumbai: National Securities Depository Limited (NSDL) has announced that its highly anticipated Initial Public Offering (NSDL IPO) will open for subscription on Wednesday, July 30, 2025, and close on Friday, August 1, 2025.
The NSDL IPO price band has been fixed at ₹760 to ₹800 per equity share with a face value of ₹2 each.
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The public issue is a pure offer for sale (OFS) comprising 50,145,001 equity shares by the following selling shareholders:
- IDBI Bank Limited – up to 2.22 crore shares
- National Stock Exchange of India Limited – up to 1.8 crore shares
- Union Bank of India – up to 5 lakh shares
- State Bank of India – up to 40 lakh shares
- HDFC Bank – up to 20.1 lakh shares
- Administrator of SUUTI – up to 34.15 lakh shares
Investors can place bids in multiples of 18 equity shares, with the Anchor Investor bidding window opening a day earlier on Tuesday, July 29, 2025. The equity shares are proposed to be listed on BSE, which is also the designated stock exchange for the offer.
Allocation Details and Regulatory Compliance
The NSDL IPO is being launched via the Book Building Process, in accordance with SEBI ICDR Regulations and SCRR Rule 19(2)(b). The offer structure is as follows:
- Qualified Institutional Buyers (QIBs): Not more than 50% of the net offer
- Anchor Investors: Up to 60% of QIB portion; one-third reserved for domestic mutual funds
- Mutual Funds: Minimum 5% of the QIB portion
- Non-Institutional Investors (NIIs): At least 15% of the net offer
- One-third reserved for bids between ₹2 lakh and ₹10 lakh
- Two-thirds reserved for bids above ₹10 lakh
- Retail Individual Investors (RIIs): Not less than 35% of the net offer
- Employee Quota: Up to 85,000 equity shares reserved
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All investors, except Anchor Investors, are required to apply via the ASBA (Application Supported by Blocked Amount) process. Retail investors must use the UPI mechanism for payment.
NSDL IPO Lead Managers
The Book Running Lead Managers (BRLMs) to the issue are:
- ICICI Securities
- Axis Capital
- HSBC Securities
- IDBI Capital Markets
- Motilal Oswal Investment Advisors
- SBI Capital Markets
- HDFC Bank will act as the Marketing Book Running Lead Manager (M-BRLM).
For detailed offer information, refer to the Red Herring Prospectus: NSDL RHP PDF
