Mumbai-based National Securities Depository Limited (NSDL) is gearing up to launch its IPO in the coming months. While initial reports suggested the issue may be launched in March but theer are some reports that donot rule out April. The depository had secured an approval from the market regulator SEBI in September 2024, which is valid until September 2025, with deadlines approaching closer.
NSDL IPO: Key details the issue
As per multiple reports, the NSDL IPO will be a full-fledged OFS, meaning existing shareholders will divest their stakes instead of the company raising fresh capital.
Major stakeholders such as the NSE, IDBI Bank, and HDFC Bank will offload shares as part of the public issue, added reports. Furthermore, NSE holds a 24% stake in NSDL and had earlier sought an extension from the SEBI regarding the ownership cap.
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A senior company official said to PTI that NSDL is targeting an IPO launch soon. ““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),” said the NSDL official to PTI.
Although the exact date has yet to be announced, as per various reports, it is expected that the issue will be going public by early April 2025.
As a Market Infrastructure Institution (MII), the company requires multiple regulatory approvals beyond the DRHP, the official said to PTI.
NSDL IPO: Racing against time
The NSDL official told PTI, “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).”
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