Trading in the unlisted shares of National Securities Depository Ltd. (NSDL) has increased with prices falling below Rs 1,000 (Rs 950-990 apiece) in the private market as the chances of the IPO opening seem imminent in July.
NSDL's current private market valuation is close to Rs 20,000 crore, with its rival CDSL valued at around Rs 36,400 crore.
Retail investors should be cautious as shares bought from the private market will soon enter a lock-in period and cannot be traded until six months after the company's listing.
NSDL's financials show a total income of Rs 731.40 crore in FY25, with a net profit increase of 24.6% to Rs 321.60 crore during the same period.