Nsdl iPo: The price band of the IPO of NSDL, a company associated with depository business, will be between Rs 760 to 800 per share. The company’s issue will open on the 30th next week and will close on August 1. The NSDL will be the second company listed in the market related market. CDSL is already giving strong returns to investors in the market. In such a situation, what is the difference between the two companies, let’s try to understand.
NSDL vs CDSL, how much power?
Where so much business?
CDSL is dependent on retail. The company is a retail depository. The company earns the highest earning from the transaction fees from retail. At the same time, the NSDL is dependent on the institution and the government. It is corporate and government depository. Transaction fees from the company’s corporates earns the highest.
Whose customer?
CDSL customers include retail investors through DP. At the same time, NSDL customers include MF, FIS, pension funds and insurance companies.
Business way
CDSL is in low-cost business based on volume. At the same time, NSDL is dependent on high value clients. The Assets under Custody of CDSL is Rs 79 lakh crore. At the same time, NSDL’s asset under custody is Rs 510 lakh crore.
Valuation Picture (PE)
Talking about their valuation, CDSL is trading on 65x pe. At the same time, NSDL is trading on 47x PE.
Who has how many demat accounts
CDSL has 15.86 crore demat accounts. At the same time, NSDL has 4.05 crore demat accounts. If we look at their business, the income of CDSL in FY 2025 has been Rs 1082 crore. At the same time, NSDL’s income has been Rs 1535 crore. At the same time, CDSL’s Ebitda has been Rs 624 crore. While NSDL’s EBITDA has been Rs 425 crore. In FY 2025, the PAT margin of CDSL was 44 per cent. At the same time, NSDL’s PAT margin was 22 percent during the same period. CDSL’s profit in this period has been Rs 556 crore. At the same time, NSDL’s profit was Rs 343 crore.