NSDL IPO – A Detailed Analysis – English

National Securities Depository Ltd. (NSDL), India’s first and one of the largest depositories, is launching its IPO. As a key pillar of the country’s financial system, NSDL holds and manages demat accounts, facilitates settlement of securities, and ensures smooth functioning of capital markets. With over 4 crore demat accounts and nearly 80,000 issuers, NSDL plays a vital role in India’s investing ecosystem. As retail participation continues to grow, the company stands to benefit from long-term structural tailwinds. This IPO offers investors a unique opportunity to participate in a mission-critical, duopoly business model. But with high regulation, limited pricing power, and moderate growth, the key question remains: can NSDL deliver consistent value and returns over time?