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Bloomberg Quint

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Image Credit: Bloomberg Quint

Two IPOs And An Unfreezing: What's Led To NSDL's 30% Jump In One Month

  • Shares of the National Securities Depository Ltd. have surged nearly 30% since early May as demand for the stock saw renewed interest in the unlisted market.
  • NSDL began settling trades of its unlisted shares via its designated depository, leading to a faster settlement process and increased demand.
  • NSDL moved a step closer to its IPO by filing an addendum to its draft red herring prospectus with SEBI, reducing the size of its offer.
  • NSDL's Q4FY25 results showed flat revenue and EBITDA, with a 3% decline in net profit on a consolidated quarter-on-quarter basis.

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