
NSDL shares have been on a winning streak since their market debut on August 6, 2025. The stock has gone up 78% from its IPO price of ₹800 and 62% higher than its listing price of ₹880. On Monday alone, it jumped 9.6%, hitting a new high of ₹1,425.
This means NSDL has given strong returns in all four trading sessions so far, showing that investors are very interested in the company.

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What Experts Say:
- Gaurav Garg from Lemonn Markets Desk believes NSDL is a strong player in the depository and custodial services sector, serving mutual funds, insurance companies, banks, and foreign investors.
- He recommends that investors who got IPO shares should hold them for the long term because of the company’s strong market position, steady revenues, and fair valuations.
- For those who missed the IPO, he suggests waiting for a price dip before buying, especially in the current volatile market.
IPO Details:
- The IPO, worth ₹4,012 crore, was a huge success – subscribed 41 times overall.
- Institutional investors showed the most interest, with Qualified Institutional Buyers subscribing 104 times.
- The company raised ₹1,201 crore from anchor investors even before the IPO opened.
About NSDL:
- NSDL is a SEBI-registered Market Infrastructure Institution.
- It handles demat accounts, trade settlements, e-voting, pledge management, and corporate actions.
- As of March 2025, it served 3.94 crore active demat accounts through 294 depository participants.
- Its subsidiaries offer e-governance and digital financial services.
Financial Performance:
- In FY25, revenue grew 12% to ₹1,535.19 crore.
- Profit after tax rose 25% to ₹343.12 crore.
- At the IPO price, the company’s P/E ratio was 46.63 and price-to-book ratio was 7.98 – considered high by some analysts.
If you have NSDL shares from the IPO – hold them for now.
If you’re planning to buy – wait for a price correction before entering.
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