NSDL IPO Update: Pre-IPO trading suspended for 6 months until listing
NSDL has temporarily halted pre-IPO share exchange from July 18th, 2025, for six months due to regulatory requirements. This lock-in period, affecting all pre-IPO shares (excluding IPO transfer shares), ensures stability ahead of the highly anticipated NSDL IPO. The latest move clears another regulatory hurdle towards its public debut.
New Delhi: NSDL has stopped its pre-IPO share exchange starting from July 18th, 2025, for the next six months till the stock listing is scheduled. This effectively means that there is no off-market buying and selling of the unlisted shares unless the company is listed on the stock exchange. The move aligns with the regulatory guidelines (SEBI) that mandate a lock-in period of pre-IPO equity capital to ensure stability and compliance during the listing process.
In an official communication, NSDL commented that the shares of the company are required to be free from any burden and pledge. The entire pre-IPO shares would be locked in for a six-month period from the date of allotment.
For implementation of the above guidelines, NSDL has instructed both the depositories, NSDL and CDSL, effectively freezing the International Securities Identification Number from Friday, 18th July 2025. The freezing of ISIN suspends all off-market exchanges of unlisted shares, thereby effectively locking the shares till the date of listing. Emphasizing the cooperation of shareholders, the company urged that the shareholders must not pledge any share during the lock-in period so as to ensure the IPO listing process is hassle-free and streamlined.
The said lock-in period applies to the entire pre-IPO share capital that includes any unsubscribed portion of the offer for sale (OFS) by selling shareholders. The exception to the rule is only given to the equity shares that are set to transfer under the IPO itself.
NSDL IPO
NSDL IPO is one of the most awaited IPOs of the year. Investors are eagerly waiting to invest in the particular IPO, given the stature of the company and its role in India's capital market infrastructure. Being a Market Infrastructure Institutions (MIIs), its role is central to the capital market ecosystem.
The latest announcement by the company has passed another regulatory hurdle, inching one step closer towards its IPO debut.
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