NSDL IPO Details 2026

Incorporated in 2012, National Securities Depository Limited (NSDL) is SEBI-registered Market Infrastructure Institution (MII).

Core Activities:

• Acts as a securities depository in India.
• Maintains electronic records of allotment and ownership transfer of securities.
• Provides depository services including dematerialization, trade settlement, off-market transfers, pledging of securities, and corporate actions.
• Provides asset servicing for securities held in dematerialized form.
• Offers additional services such as e-voting, consolidated account statements (CAS), and non-disposal undertakings (NDU).

Subsidiaries:

• NSDL Database Management Limited (NDML): Offers services across e-governance, regulatory platforms, KYC, insurance repository, and collaborative industry platforms. Handles SEZ automation and the National Skills Registry.
• NSDL Payments Bank Limited (NPBL): Operates a business-to-business payments bank. Provides digital banking, domestic remittances, savings accounts, AePS, micro-ATMs, prepaid cards, UPI, POS, and third-party product distribution (insurance and mutual funds).

Key Figures (as of March 31, 2025):

• Active demat accounts: 39.45 million
• Registered depository participants: 294
• Registered issuers: 33,758
• Account holders located in over 99% of Indian PIN codes and in 186 countries

Competitive Strengths:

• India’s first and leading depository, operating a wide range of technology-driven businesses.
• Strong 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 senior management team.