National Securities Depository Limited or NSDL, is preparing to launch its highly anticipated Initial Public Offering or IPO very soon. What are the updates for the event? Date, IPO size, and more information can be found in this article below.
NSDL IPO Launch
As per the report, NSDL is about to launch its Rs 3000 Crore worth IPO very soon. It will be completely offered for sale or OFS of 57,260,001 equity shares by existing stakeholders like IDBI Bank, National Stock Exchange or NSE, State Bank of India, Union Bank of India, and HDFC Bank. The shares will be listed in the Bombay Stock Exchange or BSE and the National Stock Exchange or NSE.
Launch Timeline and Approvals
Sources say NSDL is aiming to launch its IPO by the end of March this year. Most probably with in 25th march to 31st march 2025. NSDL has already received SEBI’s in-principle approval for this IPO. However, as a market infrastructure institution, the company might need additional approvals before the IPO goes live. Also, the Draft Red Herring Prospectus or DRHP was filed and will stay valid till September 2025.
Financial Performance of NSDL
NSDL has reported significant growth and an increase in consolidated net profit in the third quarter of FY24-25. Also, in the past, the company has grown significantly reaching a noticeable figure in FY2023.
Current Market Conditions and Challenges
The current market is volatile and investor sentiments are not so strong. But NSDL is proceeding with IPO Launch. Grey Marker Premium activity is slowish but the company is optimistic about offerings. The IPO timeline has been affected by manpower-related challenges. The extensive workload is huge which is involved in the listing process.
