Sebi grants extension to NSDL to launch its Rs 3,000-crore IPO by July

Capital markets regulator Sebi has granted an extension to NSDL (Nationwide Securities Depository Ltd) to launch its IPO by the tip of July this 12 months, in accordance to a number of experiences. The extension by the regulator comes because the IPO deadline would lapse this month.

The Rs 3,000 crore IPO deliberate by the nation’s largest securities depository is likely one of the most awaited ones this 12 months.

The IPO is totally a proposal on the market (OFS) of 5.72 crore shares. Six present shareholders will dilute their stakes, together with Nationwide Inventory Change (NSE), IDBI Financial institution, and HDFC Financial institution. NSE presently holds a 24% stake in NSDL.

The corporate had filed its draft prospectus with the Sebi in 2023 and acquired approval for a similar this 12 months.

NSDL is likely one of the largest central securities depositories on the earth. It supplies a variety of providers to numerous stakeholders within the monetary market, together with buyers, inventory brokers, custodians, and issuer corporations.

These providers embody opening, sustaining, and transmitting demat accounts, dematerialization of securities, switch of shares, and distribution of non-cash company advantages.As of February 2025, NSDL has greater than 3.91 crore energetic shopper accounts and holds a major market share of over 80% within the worth of demat property in India. NSDL’s infrastructure helps the implementation of superior settlement cycles, equivalent to T+1, additional enhancing market effectivity.The corporate’s financials additionally stay strong with a current 30% year-on-year surge in Q3 internet revenue to Rs 86 crore. Complete earnings rose 16% to Rs 391 crore.

Publish the IPO, the inventory could be listed on BSE. The IPO features a reservation of fairness shares for subscription by eligible workers.