NSDL Launches ₹4,000-Crore IPO on July 30, Bidding Ends August 1

NSDL to launch ₹4,000-crore IPO on July 30, concluding on August 1. The depository's maiden public issue is entirely an Offer For Sale (OFS) component of 5.01 crore shares. NSDL's principal shareholders, IDBI Bank and NSE, are required to reduce their stake in the company to comply with Sebi's ownership norms. The listing will make NSDL the country's second publicly traded depository.

National Securities Depository Ltd (NSDL), India's oldest and largest depository, is set to launch its initial public offering (IPO) on July 30, concluding on August 1. The depository's maiden public issue will be entirely an Offer For Sale (OFS) component of 5.01 crore shares. This IPO is crucial for NSDL to comply with the Securities and Exchange Board of India's (SEBI) ownership norms, which require no entity to hold more than 15% of the shareholding in a depository company.

IDBI Bank, which holds a 26.10% stake, plans to sell up to 2.22 crore shares, while the National Stock Exchange (NSE), with a 24% stake, aims to divest up to 1.8 crore shares. Other major shareholders, including State Bank of India (SBI), HDFC Bank, Union Bank of India, and the Specified Undertaking of the Unit Trust of India (SUUTI), will also offload shares [1].

The IPO is expected to raise around Rs 4,000 crore and is the second public listing of a depository company in India, following Central Depository Services (CDSL), which listed on the NSE in 2017. NSDL's strong financials, with a 29.82% year-on-year surge in net profit to Rs 85.8 crore in Q3 FY25, and a 16.2% increase in total income to Rs 391.21 crore, support the IPO [2].

The IPO comes at a time when primary market activity has slowed down due to broader market corrections. However, NSDL's robust financial performance and its pivotal role in the Indian securities market make it an attractive listing opportunity. The IPO will be managed by book-running lead managers ICICI Securities, Axis Capital, HSBC Securities, IDBI Capital, Motilal Oswal, and SBI Capital Markets [3].

The listing is scheduled to be completed by August 14, 2025, as per SEBI's approval [1]. NSDL's IPO is set to be a significant event in the Indian financial markets, providing liquidity to existing shareholders and opening up new investment opportunities for retail and institutional investors.

References:
[1] https://www.livemint.com/market/ipo/nsdl-ipo-to-open-on-july-30-nse-hdfc-bank-sbi-idbi-bank-others-to-offload-shares-in-ofs-11753334912047.html
[2] https://economictimes.indiatimes.com/markets/ipos/fpos/nsdl-ipo-dates-announced-for-rs-4000-crore-issue-nse-to-sell-1-8-crore-shares/articleshow/122872685.cms
[3] https://www.business-standard.com/markets/ipo/nsdl-to-launch-4-000-crore-ipo-on-july-30-bidding-ends-august-1-125072400608_1.html