Home›Earnings›Previews›IPO activity expected to lift CDSL and NSDL Q2 FY27 ea…

IPO activity expected to lift CDSL and NSDL Q2 FY27 earnings

Nuvama estimates Q2 cash ADTV will fall 14.1% sequentially and delivery ADTV 1.7%, while primary-market fundraising jumps to ₹92,600 crore, up 9.8 times.

Reported · Written up by our desk · Previews

LiveMint Markets reports that India’s strong IPO pipeline is expected to boost depositories CDSL and NSDL’s Q2 FY27 earnings, even though subdued secondary-market activity is weighing on transaction revenues.

According to Nuvama Institutional Equities, the brokerage expects cash and delivery average daily traded volumes to decline sequentially by 14.1% and 1.7%, respectively, but that the impact is likely offset by a surge in primary-market activity.

Nuvama estimates Q2 FY27 fundraising of ₹92,600 crore, up 9.8 times sequentially, alongside improved demat account additions averaging about 2.5 million a month in July and August versus 1.9 million in Q1 FY27, a 31.3% sequential increase.

The article adds that CDSL added around 2.7 million demat accounts in August, its highest monthly addition so far in FY27, with IPO-led revenue expected to be the quarter’s key driver.

More like this

Sources