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The much-awaited initial public offering (IPO) of National Securities Depository Ltd (NSDL) is set to launch soon, with expectations to raise ₹3,000 crore from the Indian stock market. As one of India’s leading securities depositories, NSDL’s IPO has garnered significant attention from investors and market analysts. Here’s everything you need to know about the upcoming public issue.
NSDL IPO Overview
NSDL is in the final stages of receiving the necessary regulatory approvals, including the Securities and Exchange Board of India (SEBI) approval for its Draft Red Herring Prospectus (DRHP). The company has been racing against time, as its regulatory deadlines expire in March 2025. With an accelerated approval process, market experts expect the IPO to be launched by early April 2025, with shares likely to be listed in the same month.
NSDL’s Financial Performance
Investors have shown strong interest in NSDL’s financial health. In the October to December 2024 quarter, the company reported a 30% increase in net profits, reaching ₹85.8 crore compared to ₹66.09 crore in the same period a year earlier. Additionally, the company’s total income surged by 16.2%, amounting to ₹391.21 crore in Q3 FY2024.
Regulatory Challenges and Approvals
The IPO process has faced certain delays due to manpower challenges, but the company received SEBI’s approval for the IPO in September 2024. The Market Infrastructure Institution (MII) approval has played a crucial role in expediting NSDL’s share sale process. Market experts suggest that the public offering could see strong demand given NSDL’s pivotal role in India’s financial ecosystem.
Offer-for-Sale (OFS) Issue and Key Stakeholders
According to reports, the NSDL IPO will be an Offer-for-Sale (OFS) issue, where major stakeholders, including the National Stock Exchange (NSE), State Bank of India (SBI), and HDFC Bank, plan to offload 5.72 crore equity shares. This structure ensures that investors can participate in the offering without the company issuing new shares.
Expected Listing and Market Impact
With a tentative IPO launch in early April 2025, NSDL’s stock is expected to be listed within the same month. Given the company’s strong market presence and financial performance, analysts predict high investor interest, which could positively impact the stock’s demand post-listing.
Conclusion
The NSDL IPO 2025 is shaping up to be one of the most significant public offerings in recent times. As a critical player in India’s securities market, NSDL’s financial growth and regulatory progress make it a promising investment opportunity. Investors should stay updated with official announcements to ensure they can participate in this highly anticipated IPO.
