Latest news with #NSDL
Time of India
24 minutes ago
- Business
- Time of India
NSDL offers long-term play in a growing capital market
ET Intelligence Group: National Securities Depository (NSDL), the country's largest securities depository, aims to raise ₹4,011 crore through an offer for sale ( OFS ). While the peer Central Depository Services' ( CDSL ) demat custody value at ₹70.5 lakh crore is just 15% of NSDL 's ₹464.2 lakh crore, the latter has lower operating margin and net profit. This reflects in its lower IPO valuation. India's demat account penetration at 13.4% in FY25 has grown at 21.9% annually over the past 10 years, according to Crisil. Explore courses from Top Institutes in Please select course: Select a Course Category MCA Artificial Intelligence Design Thinking Healthcare Degree Data Analytics Cybersecurity Data Science Finance Technology Leadership others Management Others Product Management Public Policy Digital Marketing MBA healthcare PGDM Operations Management Data Science CXO Project Management Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details The long-term growth prospects for the sector look bright driven by the increasing financialisation of savings and deepening capital markets . Given these factors, the issue is suitable for investors having a long-term horizon and moderate risk tolerance. Agencies Business Depositories primarily generate revenue through transaction fees, custody charges (fixed amounts for holding securities) and annual fees. Established in 1996, NSDL held 85.1% of total securities by number and 86.8% by value in FY25, according to Crisil. NSDL had 39.5 million active demat accounts and a network of 65,391 service centers as of March 2025. Live Events It has focussed on institutional clients and larger-value transactions, while competitor CDSL has carved out a niche in the expanding retail investor segment. Financials Total income and net profit grew by 18.1% and 20.9% annually between FY23 and FY25 to ₹1,535.1 crore and ₹343.1 crore respectively. Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortisation) grew by 22.5% to ₹492.9 crore during the period while return on equity (RoE) improved to 17.1% from 16.4%. Despite these positives, NSDL trails CDSL in several profitability metrics and operates at thinner margins. Its operating profit margin for FY25 was 24% compared with CDSL's 53.2%. Valuation NSDL demands a P/E multiple of up to 46.6 compared with CDSL's P/E of 68. The latter's premium valuation owes to its more profitable business model. Anchors invest Rs 1,201.4 crore The depository raised ₹1,201.4 crore from 61 anchor investors. It allotted 15 million hares at upper price band of ₹800 apiece. LIC , Smallcap World Fund, ICICI Prudential MF, SBI MF, Nippon Life India, HDFC MF, Fidelity Funds, Government Pension Fund Global, SBI Life Insurance , HDFC Life Insurance , and Abu Dhabi Investment Authority were some of the anchor investors.
Mint
5 hours ago
- Business
- Mint
NSDL IPO: Depository firm raises ₹1,200 crore from anchor investors ahead of public issue
NSDL IPO: The National Securities Depository Ltd (NSDL) completed its anchor investor round on Tuesday, July 29, 2025. The company raised over ₹ 1,200 crore from anchor investors ahead of its initial public offering (IPO). NSDL allocated a total of 1,50,17,999 equity shares or 1.5 crore equity shares to the anchor investors at an allocation price of ₹ 800 per share, the company informed BSE in an exchange filing. Of the total 1.5 crore equity shares allocated to the anchor investors 5,297,418 equity shares, nearly 35.27 per cent were allocated to 12 domestic mutual funds, who applied through a total of 22 schemes. Life Insurance Corporation of India, Smallcap World Fund, SBI Banking & Financial Services Fund, ICICI Prudential ElSS Tax Saver Fund, HDFC Value Fund, Fidelity Funds- India Focus Fund, Ashoka Whiteoak ICAV are some of the key anchor investors who were allocated equity shares. On Tuesday, July 29, the grey market premium (GMP) of NSDL IPO stood at ₹ 126 per share at 11:05 pm. With the upper price band at ₹ 800 per share, the shares of the company are expected to be listed at ₹ 926, with a premium of 15.75 per cent, according to data from Investorgain. The NSDL initial public offering (IPO) opens tomorrow and will continue till August 1, 2025. The company has set the IPO price band at ₹ 760 to ₹ 800 per equity share. It plans to raise ₹ 4,011.60 crore through a fully offer-for-sale (OFS). The IPO is scheduled for listing on both NSE and BSE. The proposed public issue plans to allocate up to 50 per cent of shares to Qualified Institutional Buyers (QIBs), at least 15 per cent to Non-Institutional Investors (NIIs), and a minimum of 35 per cent to retail investors. Moreover, up to 85,000 equity shares are reserved for eligible employees, who will benefit from a discount of ₹ 76 per share through the employee reservation segment.
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Business Standard
6 hours ago
- Business
- Business Standard
NSDL raises ₹1,201 crore from anchor investors ahead of IPO opening
The National Securities Depository Ltd. (NSDL) mobilised over ₹1,201 crore from institutional investors on Tuesday, a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from domestic and foreign institutional investors, including Life Insurance Corporation of India (LIC), Smallcap World Fund Inc, SBI Mutual Fund (MF), Fidelity Funds and Nippon India MF, according to a circular uploaded on the BSE's website. SBI Life Insurance Company and HDFC Life Insurance Company, Abu Dhabi Investment Authority, Ashoka WhiteOak India Opportunities Fund, ICICI Prudential MF and HDFC MF are also among the investors. Of these, LIC was the largest investor, picking up nearly 1.8 million shares, amounting to 11.99 per cent of the total anchor book, for ₹144 crore. According to the circular, NSDL has allotted over 15 million equity shares to 61 funds at ₹800 apiece. This aggregates the transaction size to ₹1,201.4 crore. The ₹4,011-crore initial public offering (IPO) is scheduled to open on July 30 and conclude on August 1. The price band has been set at ₹760 to ₹800 per share. The depository's maiden public issue solely consists of offer-for-sale (OFS) component of 5.01 crore shares and those selling shares under this are -- National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO. At the upper end of the price band, NSDL's maiden public issue is expected to fetch ₹4,011 crore, valuing the company at ₹16,000 crore. This upcoming listing will make NSDL the country's second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017. The listing of NSDL is crucial in order to comply with SEBI's ownership norms. These regulations require that no entity can hold more than 15 per cent of the shareholding in a depository company. NSDL's principal shareholders, IDBI Bank and the NSE, are required to reduce their stake in the company to comply with SEBI's rule. Currently, IDBI holds 26.10 per cent and NSE owns 24 per cent stake in NSDL, which exceeds the permissible limit. NSDL is a SEBI-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, it pioneered the dematerialisation of securities in India in November 1996. For the full financial year 2024-25, the depository's net profit surged by 24.57 per cent to ₹343 crore and total income rose to ₹1,535 crore, a 12.41 per cent increase over FY 2023-24. The company announced that half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investo₹and the remaining 15 per cent for non-institutional buyers. Investo₹can bid for a minimum lot size of 18 shares and in multiples of 18 thereafter. Investo₹are required to make a minimum investment of ₹14,400 to avail one lot of shares. ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets & Securities, Motilal Oswal Investment Adviso₹and SBI Capital Markets are the book running lead managers to the issue. Shares of NSDL are expected to list on August 6.
News18
6 hours ago
- Business
- News18
Ahead of IPO, NSDL raises Rs 1,201 crore from anchor investors
New Delhi, Jul 29 (PTI) The National Securities Depository Ltd. (NSDL) mobilised over Rs 1,201 crore from institutional investors on Tuesday, a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from domestic and foreign institutional investors, including Life Insurance Corporation of India (LIC), Smallcap World Fund Inc, SBI Mutual Fund (MF), Fidelity Funds and Nippon India MF, according to a circular uploaded on the BSE's website. SBI Life Insurance Company and HDFC Life Insurance Company, Abu Dhabi Investment Authority, Ashoka WhiteOak India Opportunities Fund, ICICI Prudential MF and HDFC MF are also among the investors. Of these, LIC was the largest investor, picking up nearly 18 lakh shares, amounting to 11.99 per cent of the total anchor book, for Rs 144 crore. According to the circular, NSDL has allotted over 1.5 crore equity shares to 61 funds at Rs 800 apiece. This aggregates the transaction size to Rs 1,201.4 crore. The Rs 4,011-crore initial public offering (IPO) is scheduled to open on July 30 and conclude on August 1. The price band has been set at Rs 760 to Rs 800 per share. The depository's maiden public issue solely consists of offer-for-sale (OFS) component of 5.01 crore shares and those selling shares under this are — National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO. At the upper end of the price band, NSDL's maiden public issue is expected to fetch Rs 4,011 crore, valuing the company at Rs 16,000 crore. This upcoming listing will make NSDL the country's second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017. The listing of NSDL is crucial in order to comply with SEBI's ownership norms. These regulations require that no entity can hold more than 15 per cent of the shareholding in a depository company. NSDL's principal shareholders, IDBI Bank and the NSE, are required to reduce their stake in the company to comply with SEBI's rule. Currently, IDBI holds 26.10 per cent and NSE owns 24 per cent stake in NSDL, which exceeds the permissible limit. NSDL is a SEBI-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, it pioneered the dematerialisation of securities in India in November 1996. For the full financial year 2024-25, the depository's net profit surged by 24.57 per cent to Rs 343 crore and total income rose to Rs 1,535 crore, a 12.41 per cent increase over FY 2023-24. The company announced that half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional buyers. Investors can bid for a minimum lot size of 18 shares and in multiples of 18 thereafter. Investors are required to make a minimum investment of Rs 14,400 to avail one lot of shares. ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets & Securities, Motilal Oswal Investment Advisors and SBI Capital Markets are the book running lead managers to the issue. Shares of NSDL are expected to list on August 6. PTI SP DIV view comments First Published: July 30, 2025, 00:15 IST News agency-feeds Ahead of IPO, NSDL raises Rs 1,201 crore from anchor investors Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
7 hours ago
- Business
- Mint
NSDL IPO: Depository firm raises ₹1,200 crore from anchor investors ahead of public issue
NSDL IPO: The National Securities Depository Ltd (NSDL) completed its anchor investor round on Tuesday, July 29, 2025. The company raised over ₹ 1,200 crore from anchor investors ahead of its initial public offering (IPO). NSDL allocated a total of 1,50,17,999 equity shares or 1.5 crore equity shares to the anchor investors at an allocation price of ₹ 800 per share, the company informed BSE in an exchange filing. Of the total 1.5 crore equity shares allocated to the anchor investors 5,297,418 equity shares, nearly 35.27 per cent were allocated to 12 domestic mutual funds, who applied through a total of 22 schemes. Life Insurance Corporation of India, Smallcap World Fund, SBI Banking & Financial Services Fund, ICICI Prudential ElSS Tax Saver Fund, HDFC Value Fund, Fidelity Funds- India Focus Fund, Ashoka Whiteoak ICAV are some of the key anchor investors who were allocated equity shares. On Tuesday, July 29, the grey market premium (GMP) of NSDL IPO stood at ₹ 126 per share at 11:05 pm. With the upper price band at ₹ 800 per share, the shares of the company are expected to be listed at ₹ 926, with a premium of 15.75 per cent, according to data from Investorgain. The NSDL initial public offering (IPO) opens tomorrow and will continue till August 1, 2025. The company has set the IPO price band at ₹ 760 to ₹ 800 per equity share. It plans to raise ₹ 4,011.60 crore through a fully offer-for-sale (OFS). The IPO is scheduled for listing on both NSE and BSE. The proposed public issue plans to allocate up to 50 per cent of shares to Qualified Institutional Buyers (QIBs), at least 15 per cent to Non-Institutional Investors (NIIs), and a minimum of 35 per cent to retail investors. Moreover, up to 85,000 equity shares are reserved for eligible employees, who will benefit from a discount of ₹ 76 per share through the employee reservation segment. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
