NSDL Set To Launch Rs 3000 Crore IPO, Key Details Inside

Leading depository company NSDL is geared up to launch its keenly awaited Rs 3000-crore initial public offer (IPO) as early as next month, revealed a senior official recently. “our dates are expiring next month, we are rushing against time to get things done fast. We will try to launch the IPO before that,” the official said as reported by PTI.

Earlier, NSDL had drafted the red herring prospectus (DRHP) filing way back in 2023 and secured the in-principal nod of SEBI last year. The approval will remain effective till September this year. Meanwhile, as a market infrastructure institution (MII), NSDL will need further approvals some of which are expected to expire soon.

Why CDSL Shares Gained Momentum As Launch Date of  NSDL IPO Nears?

Meanwhile, as the launch day of NSDL’s IPO coming near, CDSL shares gained tractions. CDSL shares, NSDL’s peer, witnessed rally of 0.07% on February 21, 2025. The stock opened at Rs 1280, hit day’s high of 1294, and day’s low of Rs 1250 per share on NSE.

Meanwhile, as per latest reports available, SBI and HDFC Bank are planning to sell nearly 5,72 crore of equity shares via a complete offer for sale (OFS).

NSDL Quarterly Results

The company declared a 30% surge in its net profit for the quarter ended December 31, 2024 to Rs 85.8 crore as against Rs 66.09 crore declared in the corresponding quarter of last year. The company’s total income zoomed by 16.2% for the quarter ended December 2024 to Rs 391.2 crore.

The upcoming IPO is going to be a complete offer for sale (OFS) of approximately 5.72 crore equity shares, as leading stakeholders selling shares, that may include National Stock Exchange (NSE), IDBI Bank Limited, State Bank of India, Union Bank of India, and HDFC Bank.

Meanwhile, speaking on the factors responsible behind the delay in share sale, an official highlighted the challenges on the manpower front, revealing that the amount of work to be completed is too high.

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