NSDL is expected to launch its ₹3,400 crore IPO sometime in July

National Securities Depository Ltd. is moving forward with its initial public offering, which is anticipated to raise approximately $400 million (₹3,421.6 crore), according to sources familiar with the development.

As per the sources, the NSDL company has already received IPO launching approval from the market regulator in October last year, and the company is planning to list its stocks on the NSE and BSE platforms. However, these sources did not want to be named because the details are still private.

The companies ICICI Securities, Axis Capital, HSBC Holdings, and IDBI Capital are helping NSDL manage the listing process. According to earlier official filings, the IPO will offer around 50.1 million shares for sale.

As per the sources, IDBI Bank Ltd., National Stock Exchange of India Ltd., and State Bank of India would be offloading their shares in the IPO process. This indicates that the NSDL company will not receive any IPO proceeds. 

As per the source, when contacted by Bloomberg, NSDL’s managing director and CEO, Vijay Chandok, chose not to comment on the possible IPO timeline. A company spokesperson also did not answer calls to their mobile phone right away.NSDL IPO Prospectus:

NSDL Company Financial Report

Amount ₹ in Crores

NSDL IPO Valuation – FY2023

NSDL IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• To be updated soon

IPO Lead Managers aka Merchant Bankers

• SBI Capital Markets Limited
• ICICI Securities Limited
• Axis Capital Limited
• HSBC Securities and Capital Markets (India) Private Limited
• IDBI Capital Markets & Securities Limited
• Motilal Oswal Investment Advisors Limited