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.