Jaipur, July 31 : The much-awaited Initial Public Offering (IPO) of National Securities Depository Limited (NSDL) opened for subscription on July 30 and will remain open till August 1. The IPO is being launched entirely as an Offer for Sale (OFS), with no fresh shares being issued by the company.
5 Crore+ Equity Shares on Offer
Under this OFS, a total of 50,145,001 equity shares are being sold by existing shareholders, including IDBI Bank Limited, National Stock Exchange of India Limited, Union Bank of India, State Bank of India, HDFC Bank, and Unit Trust of India.
The company has set a price band of ₹760 to ₹800 per equity share with a face value of ₹2. Investors can bid for a minimum of 18 shares and in multiples of 18 thereafter. The bidding process for anchor investors concluded on July 29, while retail and other investors can submit their bids till August 1. All applications must be submitted through the ASBA (Application Supported by Blocked Amount) process, and retail investors can also apply using UPI.
Fully Compliant with SEBI Guidelines
NSDL’s IPO is being conducted as per SEBI regulations through the book-building process. BSE (Bombay Stock Exchange) has been designated as the listing exchange for this issue.
ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets, IDBI Capital Markets, Motilal Oswal Investment Advisors, and SBI Capital Markets have been appointed as the Book Running Lead Managers for the issue. HDFC Bank will serve as the Marketing Book Running Lead Manager.
Reservations for Investors
Out of the total net offer, 50% has been reserved for Qualified Institutional Buyers (QIBs), up to 60% of which can be allocated to anchor investors. Additionally, 15% of the net offer is reserved for Non-Institutional Investors and 35% for Retail Individual Investors. A total of 85,000 equity shares have also been reserved for eligible employees of the company.
About NSDL
NSDL is one of India’s leading depository institutions, offering secure electronic services for holding and transferring securities. Through this IPO, common investors have the opportunity to participate in the future growth of this key financial infrastructure entity.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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