31 Mar 2023
Assets2,093.48
Total Income1,099.81
EBITDA328.60
Profit After Tax234.81
NET Worth1,428.86
Reserves and Surplus199.08
At a glance
Updated 2026-09-11The shares listed at ₹880.00, a 10.00% move from the issue price. NSDL is a Mainboard IPO with an issue size of ₹4,010.95 crore, proposed for listing on BSE. The offer opens on 30th Jul 2025 and closes on 1st Aug 2025. The issue structure includes an offer-for-sale component of ₹4,010.95 crore. The current listing schedule points to 6th Aug 2025.
Issue details
Listing atBSE
Issue typeBook Build Issue
Issue size₹4,010.95 Cr
Offer for sale₹4,010.95 Cr
Face value₹2
Price band₹760.00–₹800.00
Allotment4th Aug 2025
Listing6th Aug 2025
Listing performance
Full performance ↗Issue price₹800.00
Listing price₹880.00
Current price—
Listing gain10.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹125.00
GMP / upper price15.63%
Est. listing₹925.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30th Jul 2025
Closes1st Aug 2025
Allotment4th Aug 2025
Refund5th Aug 2025
Demat5th Aug 2025
Listing6th Aug 2025
Subscription demand
Full bidding ↗Total41.02×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 18 | ₹14,400 |
Company
Incorporated2012
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue1,535.19₹ Cr · +12.4% vs prior year
EBITDA492.94₹ Cr · +29.3% vs prior year
PAT343.12₹ Cr · +24.6% vs prior year
Assets2,984.84₹ Cr · +32.2% vs prior year
Net Worth2,005.34₹ Cr · +19.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets2,257.74
Total Income1,365.71
EBITDA381.13
Profit After Tax275.45
NET Worth1,684.10
Reserves and Surplus216.32
31 Mar 2025
Assets2,984.84
Total Income1,535.19
EBITDA492.94
Profit After Tax343.12
NET Worth2,005.34
Reserves and Surplus232.31
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 17.11% |
| ROCE | 22.7% |
| RoNW | 17.11% |
| PAT Margin | 22.35% |
| EBITDA Margin | 23.95% |
| Price to Book Value | 7.98 |
Valuation & shareholding
Pre-IPO EPS17.16
Pre-IPO P/E46.63
Market cap₹16000.00 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| NSDL (National Securities Depository ) IPO | — | 11.74 x | — | — |
| Gaja Alternative IPO | — | 27.54 x | — | — |
| Turtlemint Fintech IPO | — | - | — | — |
| Onemi Technology IPO | — | 10.84 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Managers fees and commissions (including any underwriting commission, brokerage and selling commission) | ₹81.60 Cr |
| Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs | ₹12.98 Cr |
| Fees payable to Registrar to the Offer | ₹0.91 Cr |
| Others, (a) regulatory filing fees, including SEBI and BSE fees, book building software fees, listing fees and other regulatory expenses. | ₹20.18 Cr |
| (b) printing and distribution of issue stationery | ₹2.62 Cr |
| (c) fee payable to legal advisors | ₹17.29 Cr |
| (d) advertising and marketing expenses | ₹13.65 Cr |
| (e) other advisors to the Offer such as Statutory Auditors, independent chartered accountant and CRISIL to provide an industry report exclusively in connection with the Offer. | ₹8.19 Cr |
| (f) miscellaneous | ₹4.23 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- ICICI Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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