National Securities Depository Limited (Mainboard) (TENTATIVE DATES)

Details As Per DRHP

IPO Details

IPO Reservation

Key Performance Indicator

Financial Details In Crores

About Company

CDSL Key Statistics (in Crores & Absolute Numbers)

1. Active Demat Accounts – 3.146 crore (31.46 million)

2. Registered Depository Participants (DPs) – 283

3. Registered Issuers (Companies) – 40,987

4. Daily Average New Demat Accounts (FY23) – 15,139

5. Geographic Reach –

   • Covers 99%+ of Indian PIN codes

   • Serves clients in 186 countries

Additional Highlights

• Market Share – CDSL holds ~70% of India's demat accounts (as of 2024).

• Growth Rate – One of the fastest-growing depositories due to rising retail participation.

• Digital Services – Leading in eDIS, e-voting, and paperless KYC

National Securities Depository Limited (NSDL)

• Primary Focus: Institutional and large investors, promoted by IDBI, NSE, and others.

• Key Features:

  • First depository in India (established 1996).

  • Dominates in G-Secs (government securities), corporate bonds, and institutional holdings.

  • Offers ASBA (Applications Supported by Blocked Amount) for IPOs.

  • Provides TIN (Tax Information Network) services.

Common Functions (Both CDSL & NSDL)

✔ Demat Account Maintenance – Holding shares, bonds, ETFs, mutual funds, etc., electronically.
✔ Dematerialization (Demat) & Rematerialization – Converting physical shares to electronic form and vice versa.
✔ Trade Settlement – Facilitating T+1 settlement (since 2023).
✔ Pledging & Hypothecation – Allowing investors to use securities as collateral.
✔ Corporate Actions – Handling dividends, bonus issues, splits, and mergers.
✔ E-Voting & Investor Services – Enabling shareholders to vote electronically.
✔ KYC & Compliance – Ensuring regulatory adherence (SEBI, RBI).

Subsidiaries:

NSDL Database Management Ltd (NDML): Provides e-governance, KYC, insurance repository, SEZ automation, and National Skills Registry services.

NSDL Payments Bank Ltd (NPBL): Operates a B2B digital bank offering remittances, AePS, micro-ATMs, UPI, POS, and distribution of insurance and mutual funds.

Strength

1. India’s First and Leading Depository – CDSL, established in 1999, is one of India’s two primary depositories (alongside NSDL).

2. Technology-Driven Businesses – CDSL offers digital solutions for demat accounts, e-voting, KYC, and more.

3. Robust IT Infrastructure & Cybersecurity – As a critical financial market infrastructure, CDSL prioritizes security and risk management.

4. Stable Revenue Base – Its revenue comes from account maintenance, transaction fees, and other recurring streams.

5. Diverse Asset Classes – CDSL holds equities, bonds, mutual funds, ETFs, and other securities in demat form.

6. Experienced Management – CDSL is promoted by BSE and has a strong leadership team.

Weakness