National Securities Depository Limited

National Securities Depository Limited
Company typePublic
BSE: 544467
ISININE301O01023
IndustryCentral securities depository
Founded1996 (1996)
HeadquartersMumbai, Maharashtra, India
Key people
Vijay Chandok (MD & CEO)
ProductsDemat account, Transfer and Settlement of Securities
ServicesDepository services
Owners
Websitensdl.co.in

National Securities Depository Limited (NSDL) is an Indian central securities depository, based in Mumbai. It was established in August 1996 as the first electronic securities depository in India with national coverage.[2] At the end of 2023, its demat accounts held assets worth ₹398 lakh crore ($4.7 trillion).[3][4][5][6]

NSDL provides services to investors, stock brokers, custodians and issuer companies through a network of Depository Participants and digital platforms. Its services are related to dematerialization, transfer and settlement of securities in the Indian securities market.

History

National Securities Depository Limited (NSDL) is an Indian central securities depository under the jurisdiction of Ministry of Finance, Government of India based in Mumbai. The enactment of Depositories Act, December 1995 paved the way for establishment of NSDL. It was established in 1996 as the first electronic securities depository in India with national coverage.

NSDL has more than 2.80 crore demat accounts as of 30 June 2022. It contributes to majority of the settlement in the Indian securities markets and has more than 89% share in the total value of assets held in demat form in India.

Initial Public Offering

The Initial Public Offering (IPO) of National Securities Depository Limited (NSDL) was launched in July 2025 as an Offer for Sale (OFS) by its existing shareholders, including NSE, IDBI Bank, State Bank of India, HDFC Bank, and SUUTI. The issue comprised up to 50.1 million equity shares, targeting proceeds of about ₹4,012 crore (US $458 million). No fresh issue of shares was included in the offer.[7][8] The IPO opened for public subscription on 30 July 2025 and closed on 1 August 2025. The price band was fixed at ₹760–₹800 per share, with a minimum application size of 18 shares (₹13,680 at the upper band). Employees were offered a discount of ₹76 per share. The shares were proposed for listing on the Bombay Stock Exchange. [9]

The issue was managed by a consortium of investment banks, including Axis Capital, HSBC Securities, ICICI Securities, IDBI Capital Market Services, Motilal Oswal Investment Advisors, and SBI Capital Markets. Link Intime India Pvt Ltd acted as registrar.[10]

Company structure

NSDL Group comprises National Securities Depository Limited (abbreviated as NSDL), NSDL Database Management Limited (NDML) and NSDL Payments Bank Limited. NDML and NSDL Payments Bank are two subsidiary companies of NSDL.

NSDL Payments Bank Limited
Company typeSubsidiary
IndustryFinancial services
HeadquartersMumbai, India
Area served
India
Key people
Abhijit Kamalapurkar
(MD & CEO)
Products
ParentNational Securities Depository Limited
Websitensdlbank.com

Protean eGovernance Technologies (earlier known as NSDL e-Governance Infrastructure Limited) was a former subsidiary.[5] It works on Digital Public Infrastructure and Open Source software as well as offers services related to issuance of PAN cards and also acts as central record-keeping agency for National Pension System (NPS).

See also

References

  1. ^ Gohel, Ankit (11 July 2023). "NSDL IPO: Who are the major shareholders in NSDL? Check the list here". Mint. Retrieved 24 July 2025.
  2. ^ "About Us - NSDL". NSDL. Archived from the original on 13 February 2006. Retrieved 18 January 2024.
  3. ^ "Statistics - NSDL". NSDL. 31 December 2023. Archived from the original on 18 January 2024. Retrieved 18 January 2024.
  4. ^ Desk, B. Q. (23 October 2021). "Assets In NSDL Demat Accounts Now Worth $4 Trillion". BloombergQuint. Retrieved 17 January 2022. {{cite web}}: |last= has generic name (help)
  5. ^ a b "NSDL e-Governance Infrastructure Limited". www.egov-nsdl.co.in. Archived from the original on 6 February 2022. Retrieved 17 January 2022.
  6. ^ "What is NSDL service?". Business Insider. Archived from the original on 17 January 2022. Retrieved 17 January 2022.
  7. ^ https://www.reuters.com/world/india/nsdls-458-million-india-ipo-fully-sold-within-hours-of-launch-2025-07-30/
  8. ^ https://timesofindia.indiatimes.com/business/india-business/nse-banks-to-offload-5-cr-nsdl-shares-in-ipo/articleshow/122878661.cms
  9. ^ https://economictimes.indiatimes.com/markets/stocks/news/nsdl-ipo-issue-opens-july-30-heres-what-you-need-to-know-about-gmp-issue-details/nsdls-upcoming-ipo/slideshow/122931933.cms
  10. ^ https://www.angelone.in/ipo/nsdl-ipo
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