NSDL IPO to open on July 30 with over 5 crore shares in OFS component; check key dates

NSDL IPO: The much-awaited National Securities Depository Ltd (NSDL) IPO will open for public subscription on July 30. The issue will conclude on August 1. The company has not announced the price band yet.

The bidding for anchor investors will take place on July 29.

The initial share sale is completely an offer for sale (OFS) of 5.01 crore equity shares. There is no fresh issuance component.

Under the OFS, IDBI Bank, the National Stock Exchange of India (NSE), the Union Bank of India, State Bank of India, HDFC Bank and Administrator of the Specified Undertaking of the Unit Trust of India will offload their stake.

NSDL, in its red herring prospectus (RHP), said, "Our company will not receive any proceeds from the offer, and all such proceeds will go to the selling shareholders."

NSDL IPO timeline: Allotment and listing date

ICICI Securities, HDFC Securities and Capital Markets, IDBI Capital Markets & Securities, Axis Capital, SBI Capital Markets and Motilal Oswal Investment Advisors are the issue's book-running lead managers, while MUFG Intime India serves as the registrar.

About NSDL

NSDL is a SEBI-registered market infrastructure institution, providing an array of products and services to financial and securities markets in India. As of March 2025, it is the largest depository in India in terms of the number of issues, market share in demat value of settlement volume, and asset value under custody, as per the CRISIL report.

It has a network of 65,391 depository participants' service centres as against 18,918 similar centres with CDSL.

As a depository, it provides a robust depository framework that allows market participants to participate in the securities and financial markets in India.

NSDL's core functions include maintaining allotment and transfer of ownership records, facilitating asset servicing, and transactions and other services.