NSDL files DHRP for IPO: Sebi extends listing deadline to August 14
The NSDL IPO has been one of the more eagerly-awaited ones this year. Sebi first set July 31, 2025 as the deadline for listing of shares but eventually shifted the date to August 14.
Kolkata: The end of the wait seems to be beginning finally. NSDL (National Securities Depository) has finally filed its much-awaited red herring prospectus with capital markets regulator Sebi formally paving the way for its IPO. According to reports, the depository services firm will open the process of bidding for the public on July 30 and the application process window will remain open till August 1. Anchor investors are supposed to place their bids on June 29.
The price band of the shares have not been announced yet. One has to wait for the official communication. Market grapevine has put the price around Rs 700-800. NSDL could be raising a total of Rs 3,500-4,000 crore from the market through this issue. The listing date is expected to be August 7 with the shares being listed on both BSE and NSE. Retail investors are supposed to have 30% of the IPO earmarked for them.
Leading depository of the country
NSDL has an impressive business profile. As on December 31, 2024, it was the top depository in India in terms of number of issuers, active instruments, market share in demat value of settlement volume and even value of assets under custody.
As reported earlier, the new issue will not contain any fresh shares but will be an entirely OFS (offer for sale), where 5,01,45,001 equity shares will be on offer. The current stakeholders which will offload their holdings include the largest bank in the country SBI that will sell up to 40,00,000 shares, IDBI Bank (up to 2,22,20,000 shares) and National Stock Exchange of India (up to 1,80,00,001 equity shares), HDFC Bank (up to 40,00,000 shares), Union Bank of India (up to 5,00,000 shares) and Unit Trust of India (up to 34,15,000 shares).
Interestingly, NSE itself is expected to float its own IPO later this year after it obtains the NoC from the market regulator which is reportedly in its final stages.
NSDL is a market infrastructure company, in which NSE hold 24% stake and IDBI holds 26.01%. The regulations of Sebi stipulate that no shareholder can own more than 15% stake in any market infrastructure company.
NSDL net profit
For FY25, NSDL came up with a net profit figure of Rs 343.1 crore on a total revenue of Rs 1,535.1 crore. For the NSDL IPO there will be several lead managers to the issue. These are Axis Capital, ICICI Securities, IDBI Capital Markets & Securities, Motilal Oswal Investment Advisors and SBI Capital Markets.
Disclaimer: (Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)