🗓️ IPO Snapshot
- Company: National Securities Depository Ltd. (NSDL)
- IPO Size: ₹5,000–6,000 crore (approx.)
- IPO Dates: Yet to be announced
- Listing On: NSE, BSE
- Price Band: TBD
🧠 What Is NSDL?
If the Indian stock market was a circus, NSDL is the silent stage crew — unseen but making sure the show goes on.
NSDL is India’s oldest depository, holding your shares in demat form. Without it, you’d still be storing physical certificates like a 1990s uncle.
💰 Revenue & Business
- Makes money via account maintenance fees, transaction charges, KYC services.
- Highly stable biz — like LIC, but better tech.
- FY23 revenue: ₹900+ crore | PAT: ₹230 crore (approx.)
⚖️ The Good Stuff
- Monopoly-like business.
- Massive surge in demat accounts = more fees.
- Dividend-paying and low capex.
🚨 The Meh Stuff
- Regulated AF — SEBI can clip wings anytime.
- Not exactly a growth rocket.
🧠 Verdict
“Not sexy, but stable. Like that friend who became a banker and now owns two flats.”
A long-term, low-drama bet. Dividend seekers, this one’s for you.
