NSDL IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Fri Jul 04 2025

The NSDL IPO opening date is yet to be announced, but the company has already received the approval for its DRHP with SEBI/Exchange on 30th September 2024. It is a bookbuilding IPO of 0.00 crore shares worth ₹0.00 crore, and entirely an offer for sale. The issue will be listed on BSE and NSE, and its tentative listing date is yet to be announced.
NSDL IPO Details
The NSDL IPO date is not fixed yet. The face value of National Securities Depository Limited shares stands at ₹2 per share, and the IPO price band is fixed at [.] to [.] per share.
MUFG Intime India Private Limited is the registrar of the NSDL IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | – |
IPO Close Date | – |
Face Value | ₹2 per share |
Lot Size | [] shares |
IPO Allotment Date | – |
Refund Initiation | – |
Issue Size | – |
Shareholding Pre Issue | 20,00,00,000 shares |
Shareholding Post Issue | 20,00,00,000 shares |
Issue Price Band | [.] to [.] per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & NSE |
Listing Date | – |
NSDL IPO Share Reservation
NSDL IPO is a bookbuilding IPO issue of 0.00 crore shares. National Securities Depository Limited shares will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Reservation Required |
QIB Shares Offered | Not More Than 50% of the Net Offer |
Retail Shares Offered | Not Less Than 35% of the Net Offer |
NII (HNI) Shares Offered | Not Less Than 15% of the Net Offer |
Total Shares Offered | 100% |
Click here to download the NSDL IPO DRHP for detailed information.
NSDL IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the NSDL IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
04-07-2025 | ₹. | ₹0 | ₹. | 0.00% |
03-07-2025 | ₹. | ₹0 | ₹. | 0.00% |
02-07-2025 | ₹. | ₹0 | ₹. | 0.00% |
01-07-2025 | ₹. | ₹0 | ₹. | 0.00% |
30-06-2025 | ₹. | ₹0 | ₹. | 0.00% |
29-06-2025 | ₹. | ₹0 | ₹. | 0.00% |
As of 4th July 2025, NSDL IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹. (.+0) on its tentative listing day.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the NSDL IPO.
Stay updated on Univest to know about live IPOs and their GMP trends!
NSDL IPO DRHP Status
Description | Date |
DRHP Filed With | 7th July 2023 |
SEBI/Exchange Approval | 30th September 2024 |
NSDL IPO Review

Check out the detailed NSDL IPO review for a thorough understanding of its potential to report listing gains. The NSDL IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the NSDL IPO.
National Securities Depository Limited’s revenue rose 20.53% from ₹821.29 crores in March 2022 to ₹1,099.81 crores in March 2023. Moreover, the company’s PAT increased by 33.91% from ₹212.59 crores to ₹234.81 crores.
National Securities Depository Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the NSDL IPO for its tentative listing day.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the NSDL IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | – |
EPS (Earnings Per Share) | – |
RoNW | 16.43% |
ROE (Return on Equity) | 16.43% |
ROCE | – |
PAT Margin | 21.35% |
The PE ratio of National Securities Depository Limited shares is [], and its Earnings Per Share (EPS) stands at []. Thus, the NSDL IPO can potentially deliver gains on its tentative listing day..
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of National Securities Depository Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
PE Ratio | – | – |
EPS | – | – |
NSDL IPO Subscription Status
The subscription status for the NSDL IPO is yet to be announced. Stay informed on this passage to check the live NSDL IPO Subscription Status.
Investor Category | Shares Offered | Shares Subscribed | Subscription in Times |
Retail Investors | Yet to be announced | Yet to be announced | Yet to be announced |
QIB | Yet to be announced | Yet to be announced | Yet to be announced |
NII (sNII+bNII) | Yet to be announced | Yet to be announced | Yet to be announced |
Total | Yet to be announced | Yet to be announced | Yet to be announced |
About National Securities Depository Limited

National Securities Depository Limited was incorporated in 2012 and is a SEBI-registered market infrastructure institution. It acts as a securities depository in India and maintains electronic records of allotment and ownership transfer of securities. NSDL has two major subsidiaries: NSDL Database Management Limited and NSDL Payments Bank Limited. Here are the major competitive strengths of National Securities Depository Limited.
- Robust focus on technology-led product innovation.
- Robust IT infrastructure, risk management frameworks and cyber-security measures focused on ensuring the safety and integrity of the depository system.
- Stable revenue base with a significant proportion of recurring revenue.
- Large Variety of Asset Classes held in Demat Accounts and Well-diversified Business Verticals.
- Experienced management team.
National Securities Depository Limited Financials
The company’s financial analysis is essential before applying for the NSDL IPO. Look at the table to learn about National Securities Depository Limited’s financials.
Year Ended | 31st March 2023 (in cr.) | 31st March 2022 (in cr.) | 31st March 2021 (in cr.) |
Assets | 2,093.48 | 1,692.75 | 1,504.01 |
Revenue | 1,099.81 | 821.29 | 526.12 |
Profit After Tax | 234.81 | 212.59 | 188.57 |
Debt | 0.00 | 0.00 | 0.00 |
Net Worth | 1,428.86 | 1,211.62 | 1,019.30 |
Reserves and Surplus | 1,388.86 | 1,171.62 | 979.30 |
Explanation
National Securities Depository Limited’s revenue rose 20.53% from ₹821.29 crores in March 2022 to ₹1,099.81 crores in March 2023. Moreover, the company’s PAT increased by 33.91% from ₹212.59 crores to ₹234.81 crores.
Also Read : AJC Jewel IPO GMP & Review: Apply or Avoid?
NSDL IPO Promoter Holdings
Have a look at the table below to check the holdings of Travel Food Services Limited’s promoters: IDBI Bank, Unit Trust of India (now SUUTI), and the National Stock Exchange (NSE).
Share Holding Pre-Issue | 100.00% |
Share Holding Post-Issue | -% |
Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue.
Aim of NSDL IPO
National Securities Depository Limited will not receive any proceeds from this issue as it is entirely an offer for sale. All the proceeds will be received by promoters on behalf of their shares sold.
Should I Invest in NSDL IPO?
Explore the pros and cons of NSDL IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of NSDL IPO
- Experienced Management Team.
- Robust IT Infrastructure.
- Stable Revenue Base.
Cons of NSDL IPO
- Entire Offer For Sale.
- Regulatory Overhang.
How to Apply for NSDL IPO?

Check the steps mentioned below to apply for the NSDL IPO.
- Step 1: Conduct thorough research on NSDL IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for the shares of the NSDL IPO.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the NSDL IPO from more than one demat account to increase your allotment chances.
How to Check NSDL IPO Allotment Status?
You can check for NSDL IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose NSDL IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your NSDL IPO allotment status.
Let’s Wrap
NSDL IPO is a bookbuilding issue of [] crore shares. The shares of National Securities Depository Limited will be listed on NSE and BSE on its tentative listing day. Researching the NSDL IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
Also Read : Kalpataru IPO GMP & Review: Apply or Avoid?
FAQs on NSDL IPO
How is the NSDL IPO?
Ans. Currently, on 4th July 2025, NSDL IPO GMP (Grey Market Premium) stands at ₹0 (0.00% up). It indicates that the estimated listing will be flat. It is entirely an offer for sale. The face value of each share of National Securities Depository Limited is ₹2.
What is the NSDL IPO price?
Ans. The NSDL IPO price band has not been decided yet. Wait for Red Hearing Prospectus (RHP) of NSDL IPO to get price and other details.
Is the NSDL IPO good?
Ans. National Securities Depository Limited’s revenue rose 20.53% from ₹821.29 crores in March 2022 to ₹1,099.81 crores in March 2023. Moreover, the company’s PAT increased by 33.91% from ₹212.59 crores to ₹234.81 crores. Investors can analyse other relevant factors and make a decision accordingly.
Who is the registrar of the NSDL IPO?
Ans. MUFG Intime India Private Limited is the registrar of the NSDL IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the NSDL IPO allotment and refund, you can contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the NSDL IPO, download the NSDL IPO RHP and NSDL IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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