NSDL to Launch

India's first and largest securities depository, NSDL (National Securities Depository Limited), is set to launch its ₹3,000 crore Initial Public Offering (IPO) next month. A senior NSDL official mentioned that they are working hard to complete everything on time. They are aiming to launch the IPO before their deadlines expire next month.

NSDL had filed its Draft Red Herring Prospectus (DRHP) in July 2023 and got initial approval from SEBI (Securities and Exchange Board of India) in September 2024. This approval remains valid until September 2025. However, since NSDL is a Market Infrastructure Institution (MII), it requires some extra clearances, and some of these approvals will expire soon. This is why they are rushing to launch the IPO.

IPO Details

The IPO will be an Offer for Sale (OFS), meaning that existing shareholders will sell their shares instead of the company issuing new ones. A total of 5.72 crore shares will be sold. Major shareholders selling their shares include:

• IDBI Bank Limited
• National Stock Exchange (NSE)
• State Bank of India (SBI)
• HDFC Bank
• Union Bank of India

NSDL’s Financial Performance

For the quarter ending December 2024, NSDL reported strong financial growth:

• Net Profit: ₹85.8 crore (a 29.82% increase from ₹66.09 crore in the same period last year)
• Total Income: ₹391.21 crore (a 16.2% rise from ₹336.67 crore in the previous year’s quarter)

Conclusion

NSDL is a key player in India's financial market, and its IPO is expected to attract a lot of interest. Investors will be closely watching this development in the coming weeks.

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