Overview

• NSDL filed its red herring prospectus on July 23–24, setting its initial public offering for July 30–August 1 with anchor investor bidding on July 29.
• The entire IPO is an offer-for-sale of 5.01 crore existing equity shares, valued at around ₹4,000 crore, with IDBI Bank, NSE, SBI, SUUTI, HDFC Bank and Union Bank participating.
• SEBI granted a second extension for NSDL’s in-principle listing approval, moving the deadline from July 31 to August 14, 2025.
• The fully secondary sale lets major stakeholders reduce their holdings to meet SEBI’s 2023 rule capping any single entity’s stake in a market infrastructure institution at 15 percent.
• NSDL, established in 1996, is India’s largest securities depository, managing over 40 million investor accounts and custodian to ₹51.1 trillion in assets.