National Securities Depository Limited (NSDL), a pivotal entity in India's financial infrastructure, is poised to launch its Initial Public Offering (IPO).
IPO Details:
NSDL IPO Details
| Particulars | Details |
|---|---|
| IPO Dates | Yet to be announced |
| Issue Size | Offer for Sale (OFS) of 5,72,60,001 equity shares |
| Price Band | To be determined |
| Lot Size | To be specified |
| Listing | Shares proposed to be listed on BSE and NSE |
| Offer for Sale | Major stakeholders like NSE, IDBI Bank, Union Bank, SBI, and HDFC Bank |
NSDL Financial Performance
| Particulars | FY-21 (₹ Cr) | FY-22 (₹ Cr) | FY-23 (₹ Cr) | CAGR (%) |
|---|---|---|---|---|
| Revenue from Operations | 467.57 | 761.11 | 1,021.99 | 47.8 |
| Other Income | 58.56 | 60.18 | 77.83 | - |
| Employee Cost | 88.06 | 103.79 | 109.81 | - |
| Other Expenses | 164.77 | 407.84 | 647.03 | - |
| EBITDA | 264.46 | 300.72 | 333.09 | 12.2 |
| EBITDA Margin (%) | 56.56 | 39.51 | 32.59 | - |
| Profit Before Tax (PBT) | 246.58 | 278.20 | 305.04 | 11.2 |
| Profit After Tax (PAT) | 188.57 | 212.59 | 234.81 | 11.6 |
| PAT Margin (%) | 40.33 | 27.93 | 22.98 | - |
About NSDL
Established as the first electronic securities depository in India, NSDL plays a crucial role in the country's capital market by facilitating the holding and transfer of securities in electronic form. It offers a range of services, including dematerialization, rematerialization, and settlement of trades, thereby enhancing the efficiency and security of the Indian securities market.
Financial Performance:
The financial trajectory of NSDL over the past three fiscal years is as follows:
Note: CAGR represents the Compound Annual Growth Rate over the specified period.
These figures indicate a robust growth in NSDL's revenue from operations, with a CAGR of 47.8% over the three fiscal years. However, there has been a notable decline in EBITDA and PAT margins, suggesting an increase in expenses relative to income.
Review and Analysis:
NSDL's prominent position in India's financial ecosystem, coupled with its consistent revenue growth, makes its IPO a significant event for investors.
The company's extensive network and comprehensive range of services underscore its integral role in the securities market.
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Potential investors should monitor the announcement of the price band and lot size to assess the investment's suitability. Additionally, understanding the reasons behind the declining profit margins will be crucial for a comprehensive evaluation.
Allotment Details:
Specific dates for the IPO opening, closing, allotment finalization, and listing are yet to be announced. Investors are advised to stay updated through official channels for timely information regarding the application process and allotment status.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Potential investors should consult with a certified financial advisor before making investment decisions.