23 July 2025
Market regulator SEBI has extended the deadline for National Securities Depository Ltd (NSDL ) to complete its share listing process till August 14, 2025. The previous deadline was July 31, 2025. NSDL confirmed on Monday that it received the extension through SEBI’s letter dated July 21, 2025.
“SEBI vide its letter…has granted an extension to NSDL for in-principle approval for the listing of its equity shares…till August 14, 2025, subject to compliance with conditions mentioned in SEBI’s letter dated March 28, 2025,” NSDL said in a disclosure.
This is the third extension granted by SEBI. NSDL had first received extension in April but failed to complete the process. A second extension took the deadline to July 31. Delays in the company’s IPO valuation discussions were the main reason behind the postponement, according to sources quoted by Economic Times.
IPO likely by end of July or early August
NSDL’s IPO is now expected to open by the end of this month or early next month, with listing targeted in the first week of August. The company is aiming for a valuation of Rs 16,000 crore, as per ET report.
The offer for sale (OFS) size was revised on May 17 to 5.04 crore shares. Participating shareholders in the OFS include IDBI Bank, NSE Ltd, HDFC Bank, and SUUTI.
Strong financial performance in FY25
In FY25, NSDL reported a total income of Rs 731.40 crore, up 28% year-on-year, while net profit rose 24.6% to Rs 321.60 crore.
As of December 31, 2024, NSDL remains the largest depository in India by number of issuers, active instruments, market share in demat value, settlement volume, and assets under custody.
Established in 1996, NSDL acts as a custodian to over Rs 51.1 trillion in securities across more than 40 million investor accounts. Recently, its subsidiary NSDL Payment Bank received scheduled commercial bank status from the Reserve Bank of India (RBI).
Market regulator SEBI has extended the deadline for National Securities Depository Ltd (NSDL ) to complete its share listing process till August 14, 2025. The previous deadline was July 31, 2025. NSDL confirmed on Monday that it received the extension through SEBI’s letter dated July 21, 2025.
“SEBI vide its letter…has granted an extension to NSDL for in-principle approval for the listing of its equity shares…till August 14, 2025, subject to compliance with conditions mentioned in SEBI’s letter dated March 28, 2025,” NSDL said in a disclosure.
This is the third extension granted by SEBI. NSDL had first received extension in April but failed to complete the process. A second extension took the deadline to July 31. Delays in the company’s IPO valuation discussions were the main reason behind the postponement, according to sources quoted by Economic Times.
IPO likely by end of July or early August
NSDL’s IPO is now expected to open by the end of this month or early next month, with listing targeted in the first week of August. The company is aiming for a valuation of Rs 16,000 crore, as per ET report.
The offer for sale (OFS) size was revised on May 17 to 5.04 crore shares. Participating shareholders in the OFS include IDBI Bank, NSE Ltd, HDFC Bank, and SUUTI.
Strong financial performance in FY25
In FY25, NSDL reported a total income of Rs 731.40 crore, up 28% year-on-year, while net profit rose 24.6% to Rs 321.60 crore.
As of December 31, 2024, NSDL remains the largest depository in India by number of issuers, active instruments, market share in demat value, settlement volume, and assets under custody.
Established in 1996, NSDL acts as a custodian to over Rs 51.1 trillion in securities across more than 40 million investor accounts. Recently, its subsidiary NSDL Payment Bank received scheduled commercial bank status from the Reserve Bank of India (RBI).
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