The Securities and Exchange Board of India (SEBI) has granted final observation to NSDL ipo. NSDL is the largest depository in India. The NSDL IPO will result in the reduction of stakes by IDBI Bank, NSE, SBI, HDFC Bank, and Union Bank of India.
NSDL ipo size
The OFS will comprise 57,260,001 shares. On July 7, 2023, NSDL sent the SEBI its Draft Red Herring Prospectus (DRHP). However, SEBI placed the IPO on hold in August 2023; however, it was later lifted.
NSDL ipo gmp
The regulator has the right to put an end to any IPO if there is an ongoing investigation or if the firm or other regulatory authorities refuse to provide information that is required.
In the initial public offering (IPO), six distinct shareholders would sell a combined 57.3 million shares, according to the depository’s statement in the Draft Red Herring Prospectus (DRHP). While NSE intends to sell 18 million shares, IDBI Bank hopes to sell up to 22.2 million shares.
State Bank of India and the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) want to sell 4 million and 3.4 million shares, respectively, while Union Bank of India hopes to sell 5.62 million shares. HDFC Bank, the sixth shareholder taking part in the IPO, plans to sell four million shares.
NSDL is a market infrastructure organization (MII) that is registered with SEBI and offers a wide range of services and products to the financial and securities industries in India.
Through 283 authorized depository participants, NSDL was responsible for managing about 31.46 million active demat accounts as of March 31, 2023.
The account holders were spread throughout 186 nations and more than 99% of India’s postal codes. By March 31, 2023, NSDL had 40,987 issuers registered with them as indicated in its DRHP.
ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets and Securities Ltd, Motilal Oswal Investment Advisors Ltd, and SBI Capital Markets Ltd are the book-running lead managers for the issuance.
NSDL ipo price
There is no information available related to the NSDL ipo price but according to the nsdl ipo gmp, price will be between 800-1000₹/share.
FAQs
Is NSDL going for IPo?
Ans. Yes, sebi has approved the nsdl ipo.
What is the price of NSDL stock?
Ans: The gmp of nsdl stock is 1000₹.
