74  Total SME IPOs listed in 2025

3,229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

NSDL National Securities Depository Limited IPO Analysis

NSDL National Securities Depository IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ [●] Cr. The company is based in Mumbai and caters to Banking And Finance sector. Idbi Capital Market Services , Axis Bank , Hsbc Securities & Capital Markets Limited , ICICI Securities are the merchant bankers of NSDL National Securities Depository IPO. It is a MainBoard Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 7th July 2023.

NSDL National Securities Depository IPO posted revenues of ₹ 1021.90 crores and PAT of ₹ 234.80 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,021.90 Cr.
            EBITDA: ₹ 328.20 Cr.
            PAT: ₹ 234.80 Cr.
  • EBITDA Margin: 32.12 %
            Pat Margin: 22.98 %
  • Net Worth: ₹ 1428.80 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: -0.57 times
Nature of IPO : MainBoard Upcoming
Exchange : BSE,NSE
IPO Type : Book Building

NSDL National IPO Financial Performance (Restated)

Financial results of NSDL National Securities Depository IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY23 FY22 FY21
Balance Sheet
Assets 2093.40 1692.70 1504.00
Net Worth 1428.80 1211.60 1019.20
Total Debt [●] [●] [●]
Profit & Loss
Revenue
Revenue on annualised basis
1021.90 761.10 467.50
EBITDA
EBITDA on annualised basis
328.20 299.30 264.40
PAT
PAT on annualised basis
234.80 212.50 188.50
Financials
FY23
FY22
FY21
Balance Sheet
Assets
2093.40
1692.70
1504.00

Net Worth
1428.80
1211.60
1019.20

Total Debt

Profit & Loss
Revenue
Revenue on annualised basis
1021.90
1,021.90
761.10
467.50

EBITDA
EBITDA on annualised basis
328.20
328.20
299.30
264.40

PAT
PAT on annualised basis
234.80
234.80
212.50
188.50

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

NSDL National IPO Key performance Indicators (KPI)

NSDL National Securities Depository IPO PAT Margin is 22.98 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows NSDL National Securities Depository IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY23 FY22 FY21
EBITDA Margin (%) 32.12 39.32 56.56
PAT Margin (%) 22.98 27.92 40.32
EPS (₹) 11.74 10.63 9.43
ROE (%) 16.43 17.54 18.49
ROCE (%) [●] [●] [●]
ROA (%) 11.22 12.55 12.53
Debt to Equity [●] [●] [●]
Particulars
FY23
FY22
FY21

EBITDA Margin (%)
32.12
39.32
56.56

PAT Margin (%)
22.98
27.92
40.32

EPS (₹)
11.74
10.63
9.43

ROE (%)
16.43
17.54
18.49

ROCE (%)
[●]
[●]
[●]

ROA (%)
11.22
12.55
12.53

Debt to Equity (x)  
[●]
[●]
[●]

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

NSDL National Securities Depository IPO Valuation Metrics

The market Capitalisation of NSDL National Securities Depository IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
71.44

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in NSDL National prospectus?

The NSDL National Securities Depository IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of NSDL National IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows NSDL National Securities Depository IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for NSDL National IPO ?

The post-IPO market capitalisation of NSDL National Securities Depository IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of NSDL National IPO?

The NSDL National Securities Depository IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of NSDL National Securities Depository IPO?

NSDL National Securities Depository IPO reported revenue of ₹ 1021.90 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from NSDL National Securities Depository IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of NSDL National Securities Depository IPO?

NSDL National Securities Depository recorded an EBITDA of ₹ 328.20 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of NSDL National Securities Depository IPO?

NSDL National Securities Depository Profit After Tax (PAT) is ₹ 234.80 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,021.90 Cr.
            EBITDA: ₹ 328.20 Cr.
            PAT: ₹ 234.80 Cr.
  • EBITDA Margin: 32.12 %
            Pat Margin: 22.98 %
  • Net Worth: ₹ 1428.80 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: -0.57 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

NSDL National Securities Depository operates in Banking And Finance and Offering A Wide Range Of Products And Services To The Financial And Securities Markets In India. The Issue is listed on BSE,NSE in Jun, 2025. NSDL National Securities Depository IPO size was with Issue price of .

Merchant Banker(s) of NSDL National Securities Depository IPO: Idbi Capital Market Services Limited , Axis Bank Limited , Hsbc Securities & Capital Markets Private limited , ICICI Securities Limited

NSDL National Securities Depository IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

NSDL National Securities Depository IPO listed at a listing price of against the offer price of .

The current market price of NSDL National Securities Depository is .

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