NSDL IPO: SEBI Extends IDBI Bank, NSE-Backed Depository's Listing Approval Till Aug 14
NSDL IPO: The extension was communicated via a SEBI letter. SEBI added that the extension is subject to conditions set in SEBI’s previous letter issued in March on the matter.
NSDL IPO: Capital markets regulator Securities and Exchange Board of India (SEBI) has extended the in-principle approval NSDL's share listing till Aug 14, 2025. The extension was communicated via a SEBI letter dated July 21, 2025. SEBI added that the extension is subject to conditions set in SEBI’s previous letter issued on March 28 over the same matter.
NSDL had informed its shareholders that all its pre-IPO equity shares were locked-in starting from July 18. This means that no off-market buy or sell transactions will be permitted under the unlisted category until six months after the company's listing on the stock exchanges.
The move is in line with regulatory norms that mandate a lock-in of pre-IPO equity capital to ensure stability and compliance during the listing process. According to official data, NSDL is the largest depository in India in terms of number of issuers, number of active instruments, market share in demat value of settlement volume and value of assets held under custody.
NSDL IPO Details
NSDL reduced the offer for sale size of the issue to 5.04 crore shares on May 17 this year. The shareholders participating in the offer for sale include IDBI Bank, NSE Ltd, HDFC Bank, SUUTI. Currently 9,296 retail investors, at the end of May 2025, owned 5.4% stake in the company. These shares are actively getting traded in the private market.
The sale will involve divestments by major investors, including IDBI Bank Ltd., the National Stock Exchange of India Ltd. and the State Bank of India, while NSDL will not receive any proceeds. ICICI Securities Ltd., Axis Capital Ltd., HSBC Holdings Plc, IDBI Capital Markets & Securities Ltd., Motilal Oswal Investment Advisors Ltd. and SBI Capital Markets Ltd. are arranging the sale.
NSDL valuation, profit
At the current private market price, NSDL is valued at close to Rs 20,000 crore in market value. It's rival CDSL is valued at around Rs 36,400 crore and it is notable that its shares prices has risen by 54% in the last one year. NSDL posted a total income of Rs 731.40 crore in FY25, a jump of 28% over previous year.
The depository's net profit rose 24.6% to Rs 321.60 crore during the same period. Established in 1996, the country’s largest depository in terms of assets, NSDL is acting as custodian to more than 51.1 trillion rupees in securities for over 40 million investor accounts.
