The much-awaited National Securities Depository Ltd (NSDL) is set to launch its initial public offering (IPO) next week in the primary market. As of December 31, 2024, NSDL is the largest depository in India.
Here the key things you need to know before the issue opens for public subscription:
1) NSDL IPO Dates: NSDL IPO will open for public subscription next week on July 30 and will conclude on August 1.
2) NSDL IPO Size: The issue size is pegged at around Rs 4,000 crore.
3) NSDL IPO Bidding for Anchor Investors: The one-day bidding for anchor investors is scheduled to open on July 29 ahead of the depository's maiden public issue.
4) NSDL IPO Details: The IPO only consists of Offer For Sale (OFS) component of 5.01 crore shares. Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO.
5) NSDL IPO: Who all are selling shares?
Those selling shares under this are -- the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI).
6) NSDL IPO Listing Date: Shares of the company are expected to list on August 6 (Wednesday).
7) NSDL Peers in markets: This upcoming listing will make NSDL the country's second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017.
8) Largest Depository in India: As of December 31, 2024, NSDL is the largest depository in India 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.
9) Key financials: For the full financial year 2024-25, the depository's net profit surged by 24.57 per cent to Rs 343 crore and total income rose to Rs 1,535 crore, a 12.41 per cent increase over FY 2023-24.
10) About the company: It is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, NSDL pioneered the dematerialisation of securities in India in November 1996.
IDBI Bank & NSE-backed NSDL plans $463-mn IPO launch next week at $1.85-bn valuation
On December 5, 2022, Moneycontrol was the first to report that NSDL had kicked off its IPO plans, a pure OFS (offer for sale) with NSE and IDBI Bank planning to sell stake.
The introduction of the depository system brought about a notable transformation in trade settlement practices on stock exchanges and played a pivotal role in the implementation of rolling settlements in India, the addendum added.
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