NSDL’s Steady Growth Sets Stage For Upcoming IPO

National Securities Depository Ltd (NSDL) has reported a 4.77 percent rise in consolidated net profit, reaching Rs 83.3 crore for the March 2025 quarter. The company’s total income also saw a 9.94 percent increase, climbing to Rs 394 crore compared to Rs 358 crore in the same period last year.  

 

Key Financial Highlights  

 

- NSDL’s net profit for the full fiscal year surged by 24.57 percent, totaling Rs 343 crore.  

- The company’s total income for FY25 rose by 12.41 percent, reaching Rs 1,535 crore.  

- The board has recommended a final dividend of Rs 2 per equity share, pending shareholder approval.  

 

IPO Adjustments And Listing Extension  

 

- NSDL has revised its IPO size, reducing the issue to 5.01 crore shares from the previously planned 5.72 crore shares.  

- The IPO will be an offer-for-sale (OFS) only, with shares being sold by major stakeholders including the National Stock Exchange of India (NSE), State Bank of India (SBI), and HDFC Bank.  

- The Securities and Exchange Board of India (SEBI) has granted NSDL an extension for its listing, pushing the deadline to July 31, 2025.  

 

Regulatory Compliance And Market Position  

 

- NSDL’s listing is crucial for meeting SEBI’s ownership norms, which mandate that no entity can hold more than 15 percent of a depository’s shareholding.  

- IDBI Bank and NSE, which currently hold 26.10 percent and 24 percent stakes respectively, will need to reduce their holdings to comply with regulations.  

- NSDL remains India’s largest depository, facilitating securities transactions across 99 percent of the country’s pin codes and 186 international locations.  

 

Looking Ahead  

 

- The upcoming IPO will make NSDL the second publicly traded depository in India, following Central Depository Services Ltd (CDSL), which was listed in 2017.  

- Investors are closely watching NSDL’s market performance as it prepares for its public offering.  

 

Sources: Moneycontrol, The Hindu Business Line, Rediff Money.