NSDL's Landmark IPO: A New Era in India’s Depository Sector

National Securities Depository Ltd (NSDL) is gearing up for a significant Initial Public Offering (IPO), seeking to raise Rs 4,011 crore. The depository has set a price band of Rs 760 to Rs 800 per share, with the offer open from July 30 to August 1. An anchor investor bidding is scheduled for July 29.

The IPO exclusively involves an Offer For Sale (OFS) of 5.01 crore shares, leaving NSDL without direct proceeds from the offering. Key stakeholders, including the National Stock Exchange of India (NSE), State Bank of India (SBI), and others are offloading shares to comply with Sebi's ownership norms.

The public issue will render NSDL the second listed depository in the country after Central Depository Services (CDSL). With IDBI Bank and NSE aiming to reduce their stakes, NSDL is poised at a valuation of Rs 16,000 crore, reinforcing its pioneering role in India's financial market infrastructure.

(With inputs from agencies.)