NSDL IPO Research and fundamental analysis July 2023

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NSDL is the India’s greatest depository National Securities Depository Limited (NSDL) has submitted its draft red herring prospectus to the Securities and Exchange Board of India (SEBI) for the IPO. National Securities Depository Limited is a economic entity installed to preserve securities in the structure of tangible or dematerialized certificates.  It is like a bank account machine for securities like bonds and shares in the structure of tangible or intangible certificates.

Role of NSDL:

NSDL targets to make certain the protection and soundness of Indian markets with the aid of growing contract options that enlarge efficiency, minimize hazard and limit costs.

Financial performance of NSDL:

In the last two financial years, the revenue of NSDL has doubled whilst the net profit is additionally growing continuously.  In FY23, the company’s revenue grew with the aid of 33.9% to ₹10,998.1 million due to accelerated range of demat accounts. In the equal year, net income grew by means of 10% to ₹2,348.1 million as in contrast to ₹2,215.9 mentioned a year ago.

Important data about IPO:

Post the IPO, the dates of which are but to be announced, the stock will be listed on BSE.  IPO includes reservation of equity shares for subscription through eligible employees. National Securities Depository Ltd. (NSDL) is funded by India Alternatives Private Equity Fund. National Securities Depository Ltd. (NSDL) has invested in Open Network Digital Commerce on Oct 12, 2022. This investment – Corporate Round – Open Network Digital Commerce – was valued at ₹100M.

Stake in NSDL IPO:

  • IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India will preserve minority stakes in the NSDL IPO, which will be an provide for sale (OFS) of 57,260,001 shares.
  • IDBI Bank and National Stock Exchange (NSE) keep 26% and 24% stake in the company respectively.  State Bank of India (5%), Union Bank of India (2.8%) and Canara Bank (2.3%) are the different foremost stakeholders.

NSDL’s market share :

The company manages over 2.76 crore investor debts with a demat custody price of Rs 297.55 lakh crore as on May 31, 2022.  It has over 89 percentage market share in phrases of demat asset value.

Booking running lead managers:

ICICI Securities Limited, Axis Capital Markets (India) Private Limited, IDBI Capital Markets & Securities Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the issue.

HDFC Bank to sell 2% stake in NSDL IPO through OFS:

  • Private lender HDFC Bank has proposed to take part in the preliminary public presenting (IPO) of NSDL via an provide for sale (OFS) of up to 2% stake.
  • “We would like to inform you that HDFC Bank will promote 2% equity stake held through the bank in NSDL through an provide for sale, as cited in the draft red herring prospectus dated July 7,” the company stated in a filing.”

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SBI to sell 2% stake in IPO-bound NSDL:

  • State Bank of India (SBI) was once stated to endorse to promote 2% stake in depository organization NSDL with the aid of promoting 40 lakh shares.  SBI stated in a regulatory submitting that the bank intends to take part in the initial public offering (IPO) of National Securities Depositories Limited (NSDL).
  • It delivered that SBI holds 5% stake in NSDL, whilst it intends to sell 2% stake in the Offer for Sale (OFS), subject to the phrases of the proposed IPO.

Financials

Revenue of India’s largest depository rose 33.95% over the previous year to Rs 1,099.8 crore in the fiscal ended March 31, 2023. Net profit stood at Rs 234.8 crore as against Rs 212 in FY22.

What is NSDL and CDSL in IPO?

‘CDSL’ is short for ‘Central Depository Securities Limited’ while ‘NSDL’ is short for ‘National Securities Depository Limited. ‘ Both CDSL and NSDL are depositories registered by the Indian government to hold multiple forms of securities like stocks, bonds, ETFs, and more as electronic copies. Function of NSDL and CDSL.

Is NSDL planning for IPO?

National Securities Depository Limited (NSDL), the largest depository in India, is set to launch its public issue and has filed preliminary IPO papers for it with the capital markets regulator Securities & Exchange Board of India (SEBI).

What is the profit of NSDL?

In FY23, NSDL reported a total revenue was ₹1,099.81 crore, registering a growth of nearly 34% from ₹821.29 crore in FY22. Its net profit in FY23 rose 11% to ₹234.81 crore from ₹212.59 crore in FY22. CDSL’s revenue in FY23 was at ₹620.94 crore, while its net profit was higher than NSDL at ₹275.96 crore during FY23.

Is NSDL a public limited company?

Nsdl Payments Bank Limited is an Indian Non-Government Company. It’s a public company and is classified as’company limited by shares’.

Is NSDL part of NSE?

While NSDL has National Stock Exchange (NSE) as the primary operating market, CDSL’s primary market is the Bombay Stock Exchange (BSE).

Disclaimer

The Estimates data displayed by Moneyvii.com is not a recommendation to buy or sell any securities. Estimates data is a third party aggregated data provided by S&P Global Market Intelligence LLC for informational purposes only. The Company advises the users to check with duly registered and qualified advisors before taking any investment decision. The Company does not guarantee the accuracy, adequacy or completeness of any information/data and is not responsible for any errors or omissions or for the results obtained from the use of such information/data. The Company or anyone involved with the Company will not accept any liability for loss or damage as a result of reliance on the Estimates data. The Company does not subscribe or endorse any of the services and/or content offered by such third party.

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