Back in 2017, CDSL entered the stock market quietly. Nobody imagined it would deliver more than 12x returns in just a few years. Many who invested early made life-changing profits.
Now, in 2025, a similar story is unfolding. NSDL — India’s largest depository — has finally launched its IPO, and it’s creating a big buzz in the market.
Retail investors are asking just one question:
Can NSDL become the next multibagger like CDSL? Or is it too late to invest now?
Let’s break it down in simple terms.
What is NSDL?
NSDL stands for National Securities Depository Limited. It is the backbone of India's stock market. When you buy or sell shares, NSDL helps store them in your demat account safely in digital form.
It has been operating for over 25 years and works with almost every major broker, bank, and institution. Some of its biggest promoters include NSE, SBI, HDFC Bank, and other financial giants.
NSDL IPO: Quick Highlights
Here are the most important details that every investor should know:
- IPO Opened: July 30, 2025
- IPO Closed: August 1, 2025
- Price Band: Rs.760 – Rs.800 per share
- Issue Type: Offer for Sale (OFS only, no fresh shares issued)
- Subscription Status: Oversubscribed multiple times in all categories
- Lot Size: 18 shares
- Expected Listing Date: August 6, 2025
The IPO received a strong response from both retail and institutional investors. That shows a lot of confidence in the company.
Why Are People Comparing NSDL to CDSL?
There’s a simple reason: CDSL gave massive returns after it listed in 2017. It started at around Rs.150 and went all the way to Rs.1,800+ over the years.
Now, retail investors are wondering — will NSDL follow the same path?
What Makes NSDL Special?
Here are a few reasons why NSDL still excites long-term investors:
NSDL handles a huge share of India’s demat accounts and transactions. It is the first choice for big banks and institutions.
NSDL is not just limited to demat services. It also works in e-KYC, digital bonds, and new fintech solutions. These areas are expected to grow in the future.
3. Strong Promoters
With backing from trusted names like NSE and SBI, NSDL is seen as a safe and reliable company.
What Should Retail Investors Keep in Mind?
While NSDL is a strong company, there are a few important things to remember:
- The IPO price of Rs.800 is already on the higher side.
- Short-term listing gains may be limited due to premium pricing.
- Long-term investors may benefit from slow but steady growth.
- This is not a quick multibagger like CDSL in 2017 — it’s a compounder, not a rocket.
If you are looking for safe, long-term compounding, NSDL may be a good fit.
But if you're expecting a quick 5x or 10x return — you may need to lower your expectations.
Should You Hold or Sell After Listing?
If you got shares in the IPO:
- Consider holding for 3–5 years if you're a long-term investor.
- You may book partial profits on listing day and hold the rest for the future.
If you missed the IPO:
- Don’t rush to buy on listing day.
- Wait for 1–2 weeks. If the price corrects, you can start buying in small amounts.
Final Verdict: Multibagger or Safe Bet?
NSDL is not a “cheap stock” — but it is a quality stock.
It may not become another CDSL in terms of return speed, but it has all the ingredients of a reliable compounder. If you invest with patience, NSDL could reward you over the long run.
The key is to avoid FOMO (fear of missing out) and invest based on logic — not hype.
Frequently Asked Questions (FAQ)
Q1. Is NSDL IPO a good investment for long-term?
Yes, NSDL is backed by trusted institutions like NSE and SBI. While the IPO is priced at a premium, it can be a good long-term compounding investment due to its strong market position and digital infrastructure presence.
Q2. Will NSDL IPO give multibagger returns like CDSL?
NSDL may not offer explosive multibagger returns like CDSL because it is already a large and mature company. However, it can still deliver stable, consistent growth over the long run.
Q3. What was the NSDL IPO price and lot size?
The NSDL IPO price band was Rs.760 to Rs.800 per share, and the minimum lot size was 18 shares. Investors needed at least Rs.14,400 to apply for one lot.
Q4. What is the listing date of NSDL IPO?
The expected listing date for NSDL IPO is August 6, 2025, on both NSE and BSE.
Q5. Should I buy NSDL shares after listing?
If you missed the IPO, it’s better to wait and watch the market for a few days. Avoid chasing the price on listing day. If the stock corrects slightly, you can start buying in small quantities.
Q6. How is NSDL different from CDSL?
CDSL is more retail-focused, while NSDL mainly serves large institutions. NSDL also has a bigger share of total demat accounts and transactions in India. However, CDSL had a cheaper IPO price, which helped it deliver faster returns post-listing.
Q7. What are the risks in investing in NSDL IPO?
The main risk is valuation — the IPO is priced high compared to CDSL’s earlier listing. Also, since the issue was an Offer for Sale (OFS), the company is not receiving any fresh capital for expansion.
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