NSDL IPO: After a peak last year, the IPO activity in India’s primary markets seems to have slowed down, with no main-bourse IPOs hitting the market in the past three weeks due to a correction in the secondary market. There are still a number of highly anticipated public issues that the investors are eagerly waiting for.
One such initial public offering is that of central securities depository NSDL. Mumbai-based National Securities Depository Limited was recently learnt to be fastening the IPO process. NSDL had already received an in-principle approval in September 2024 for its issue, which is valid till September 2025.
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NSDL IPO
This upcoming Rs 3000 crore public issue by NSDL is said to be a full offer for sale (OFS) with some notable shareholders like National Stock Exchange (NSE), IDBI Bank and HDFC Bank among those who will be selling their shares in the depository. NSE holds a 24 per cent stake in NSDL.
NSDL’s IPO is important for ensuring a diversified shareholder base and compliance.
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NSDL IPO News
Last month, a senior NSDL official had said that they are aiming to launch the much-awaited public issue soon, as early as next month (i.e. March). The official told news agency PTI that as a market infrastructure institution (MII), NSDL also needs other approvals apart from the DRHP.
“Our dates are expiring next month. We are rushing against time to get things done fast. We will try (to launch the IPO before that),” NSDL official told PTI.
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NSDL IPO Expected Listing Timeline
ET NOW sources, on the other hand, shared that NSDL’s Rs 3000 crore public offering could be launched by early April and the company is looking to list in the same month. NSDL will expedite the IPO process to comply with market regulator SEBI’s ownership mandate.
The IPO will be an Offer for Sale (OFS) with 6 shareholders diluting stakes, including NSE, IDBI Bank, HDFC Bank among others.
Meanwhile, the IPO-bound depository posted a 29.82 per cent jump in its consolidated net profit to Rs 85.8 crore in the October-December 2024 quarter, up from the Rs 66.09 crore profit in the year-ago period. NSDL’s total income soared 16.2 per cent to Rs 391.21 crore in the Q3 of FY25.
