NSDL gets another extension to list its IPO

Market regulator SEBI has allowed NSDL to complete its listing till August 14, 2025. The timeline was expiring on July 31, 2025. NSDL said it has received the communication for extension of listing on Monday.

NSDL in a disclosure said that, “SEBI vide its letter no. SEBI/HO/MRD/RAC2/P/OW/2025/19437/1 dated July 21, 2025 has granted an extension to NSDL for in-principle approval for the listing of its equity shares on a recognized stock exchange, till August 14, 2025, subject to the compliance of the conditions stipulated in the letter issued by SEBI dated March 28, 2025”.

NSDL had earlier received extension in April to list but could not complete due to some issue. Then it received extension till July 31 but again it failed to complete the listing process. Market sources indicate that, issue of valuation can be one of the issues, which led to the delay in listing.

IDBI and NSE own 26.01 per cent stake and 24 percent stake respectively in NSDL. SEBI norms prohibit any single entity from owning more than 15 percent stake in any market infrastructure institution. As of December 31, 2024, NSDL is the largest depository of the country in terms of number of issuers, number of active instruments, market share in demat value of settlement volume and value of assets held under custody.