
NSDL Unlisted Share Price Description – National Securities Depository Limited is one of the world’s largest depositories, established in August 1996. It has built a cutting-edge infrastructure to handle securities predominantly in dematerialized form within the Indian capital market. Despite India’s long-standing capital market history, paper-based trade settlements posed challenges such as bad deliveries and delays in title transfers. The Depositories Act, enacted in August 1996, led to the creation of NSDL, addressing these inefficiencies.
Role and Operations
Leveraging advanced and adaptable technology, NSDL supports investors and brokers in the Indian capital market. Its primary objective is to bolster the safety, efficiency, and reliability of market operations by reducing risks and costs through seamless settlement solutions. NSDL continues to innovate, designing services and products to meet the evolving demands of the financial services industry.
The depository system maintains securities in electronic accounts, similar to how funds are stored in bank accounts. Ownership transfers occur through simple account transactions, eliminating paperwork risks and cutting transaction costs substantially.

NSDL provides a bouquet of services to investors, stock brokers, custodians, issuer companies, etc. through its nationwide network of Depository Partners.
The National Securities Depository Limited (NSDL) is preparing for its IPO, expected in mid 2025. NSDL IPO aims to raise INR 3,000 crore through an offer for sale. SEBI approved the DRHP in September 2024. The IPO is expected to be in huge demand, especially from institutional investors.
Infrastructure and Reach
Headquartered in Mumbai, NSDL oversees a robust infrastructure managing securities worth INR 400 lakh crore (approximately USD 5.0 trillion) as of March 2024. It operates over 3.58 crore demat accounts, commanding a lion’s share of 87% of dematerialized assets in India. With account holders in 99.3% of Indian pin codes and 189 countries globally, NSDL boasts an unparalleled reach.
Company Structure
The NSDL Group consists of several entities, including:
- NSDL Database Management Limited (NDML): Focuses on managing large databases and provides services related to the National Skills Registry.
- NSDL Payments Bank Limited: Offers banking services to enhance financial inclusion.
- Formerly, it included Protean eGovernance Technologies, which managed digital public infrastructure initiatives.
Products & Services of NSDL
- eServices
- Digital Integrations
- Issuer Service Offerings
Key Highlights FY 2024
- During the year ended 31 March 2024, the total income was INR 1,365.70 crores compared to INR 1,099.82 crores of the previous year, an increase of 24.17%.
- The company maintained its record of profit growth, reporting an EBITDA of INR 340 crore for the year, compared to INR 282 crore in the previous year, reflecting a 20.57% year-on-year increase.
- Spearheaded by SEBI, NSDL successfully implemented the Beta version of the T+0 Settlement Cycle on an optional basis for a limited set of 25 scrips.
- As of 31 March 2024, 5,028 new issuers were added, taking the total Issuers registered with the company to 46,018.
- NSDL has established a strong leadership position in the Foreign Portfolio Investors (FPI) business in India. Currently, around 11,200 FPIs are registered with NSDL which constitutes 99.99% market share of the FPI holdings. NSDL, as a Designated Depository monitors foreign investment limits of around 2,800 listed issuers.
- Participation from the retail investors translated into active Demat Accounts increasing from INR 3.15 crore in FY 2022-23 to INR 3.58 crore as of 31 March 2024 for NSDL.
- NSDL has filed a Draft Red Herring Prospectus (DRHP) with the SEBI in 2023, which was approved by SEBI on 30 September 2024. This development marks a crucial step towards NSDL’s planned public offering, reflecting their commitment to growth to continue to serve the nation as a capital markets intermediary.
NSDL Board of Directors
- Mr. Vijay Chandok, Managing Director & CEO
- Mr. Parveen Kumar Gupta, Chairman, Public Interest Director
- Prof. Rajat Moona, Public Interest Director
- Ms. Sripriya Kumar, Public Interest Director
- Dr. Madhu Sudan Sahoo, Public Interest Director
- Mr. Shailendra Nadkarni, Non-Independent Director
- Mr. Sriram Krishnan, Non-Independent Director
NSDL Business Partners

NSDL Unlisted Share Price Details
Name | National Securities Depository Limited |
Face Value | INR 2 per share |
ISIN Code | INE301O01023 |
Lot Size | 500 shares |
Demat Status | NSDL, CDSL |
NSDL Unlisted Share Price | INR 1,100 per share |
Market Cap | INR 22,000 crore |
Total number of shares | 20,00,00,000 shares |
Website | www.nsdl.co.in |
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NSDL Unlisted Share Price- Shareholding Pattern
Details of shareholders holding more than 5% of the equity shares capital in the company as of 31 March 2024:
Shareholder Name | % to Holding | No. of shares |
IDBI Bank | 26.10 | 5,22,00,000 |
NSE India | 24.00 | 4,80,00,000 |
HDFC Bank | 8.95 | 1,78,99,500 |
The administrator of the Specified Undertaking of the Unit Trust of India | 6.83 | 1,36,60,000 |
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NSDL Unlisted Share Price – Financial Metrics
Particulars | FY2021 | FY 2022 | FY 2023 | FY 2024 |
Revenue | 467.57 | 761.11 | 1,021.99 | 1,268.24 |
Revenue Growth (%) | 62.78 | 34.28 | 24.10 | |
Expenses | 279.54 | 541.69 | 758.36 | 973.79 |
Net income | 188.57 | 212.59 | 234.81 | 275.44 |
Margin (%) | 40.33 | 27.93 | 22.98 | 21.72 |
ROCE (%) | 24.30 | 23.30 | 21.40 | 21.70 |
EBITDA (%) | 60.10 | 57.50 | 58.10 | 59.50 |
Debt/Equity | NA | NA | NA | NA |
EPS | 9.43 | 10.63 | 11.74 | 13.77 |
NSDL Annual Reports
NSDL IPO DRHP
NSDL Annual Report FY 2023 – 2024
NSDL Annual Report FY 2022 – 2023
NSDL Annual Report FY 2021 – 2022
NSDL Unlisted Share Price FAQs
Is it safe to purchase unlisted shares in India?
While there are risks associated with unlisted shares, purchases made from credible brokers and after conducting due diligence considerably lower these risks.
What is NSDL unlisted share price?
NSDL unlisted stock price today is INR 1,100 per share. Shares are purchased in lots of 500 shares.
Who determines NSDL share price today?
The unlisted share price is determined by various factors including recent transaction price, supply and demand, valuation in the latest funding round, profitability, and return ratios.
What is the NSDL IPO date expected?
NSDL IPO is expected to open in the last week of July 2025. The listing date is expected to be in the first week of August 2025. This upcoming IPO is likely to be an offer for sale of 5,72,60,001 equity shares and the full amount will go to the selling shareholders.
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