NSDL granted a four-month extension by Sebi for IPO, deadline pushed to July 31

NSDL was previously attempting to launch its Rs 3,000 crore IPO in April, however, an extension was sought owing to market conditions and company’s preparedness, leading to a revised timeline.

Brajesh Kumar

April 02, 2025 / 07:55 IST

NSDL is a key player in India's financial infrastructure, and one of the most-awaited public issues of the financial services sector.

26 Aug, 2025 12:21

Volume

Todays L/H

Markets regulator Sebi has extended the deadline for National Securities Depository (NSDL) to list its shares by four months, till July 31, the company said, after the depository sought an extension citing market conditions.

NSDL was previously attempting to launch its Rs 3,000 crore IPO in April, and a listing deadline was initially set for April 11, 2025 by the regulator, however, an extension was sought owing to market conditions and company’s preparedness, leading to a revised timeline.

NSDL’s public issue will be an offer for sale, with shareholders such as NSE, HDFC Bank, IDBI Bank, Union Bank of India, State Bank of India, Government of India through SUUTI plan to sell shares, as per Draft Red Herring Prospectus (DRHP).

As of January 31, 2025, IDBI Bank has 26.10 percent, NSE holds 24 percent, HDFC Bank holds 7.95 percent, SUUTI holds 6.83 percent, SBI holds 5 percent, and Union Bank of India holds 2.81 percent shares in NSDL. Sebi had mandated that a single-entity ownership in the securities depository cannot be more than 15 per cent.

Back in 2018, the capital market regulator had come up with a regulation for diversified ownership of market infrastructure institutions (MIIs), and a five-year timeline was prescribed for compliance, which was later extended.