The Rs 3,000 crore IPO deliberate by the nation’s largest securities depository is without doubt one of the most awaited ones this yr.
The IPO is solely a suggestion on the market (OFS) of 5.72 crore shares. Six current shareholders will dilute their stakes, together with Nationwide Inventory Trade (NSE), IDBI Financial institution, and HDFC Financial institution. NSE at the moment holds a 24% stake in NSDL.
The corporate had filed its draft prospectus with the Sebi in 2023 and acquired approval for a similar this yr.
NSDL is without doubt one of the largest central securities depositories on the planet. It offers a variety of companies to numerous stakeholders within the monetary market, together with buyers, inventory brokers, custodians, and issuer corporations.
These companies embrace opening, sustaining, and transmitting demat accounts, dematerialization of securities, switch of shares, and distribution of non-cash company advantages.As of February 2025, NSDL has greater than 3.91 crore lively shopper accounts and holds a big market share of over 80% within the worth of demat belongings in India. NSDL’s infrastructure helps the implementation of superior settlement cycles, comparable to T+1, additional enhancing market effectivity.The corporate’s financials additionally stay strong with a current 30% year-on-year surge in Q3 web revenue to Rs 86 crore. Complete revenue rose 16% to Rs 391 crore.
Submit the IPO, the inventory could be listed on BSE. The IPO features a reservation of fairness shares for subscription by eligible staff.
