NSDL had filed its Draft Red Herring Prospectus with the securities board in July 2023, but the DRHP was put in abeyance.

NSDL, India’s largest depository, received final approval from SEBI to launch an IPO involving an offer for sale of 57,260,001 shares, allowing IDBI Bank, NSE, SBI, HDFC Bank, and Union Bank to reduce their stakes.

Capital market regulator SEBI has approved the IPO of National Securities Depository Limited (NSDL). NSDL is the country's largest depository.

HDFC Bank, the sixth shareholder in the IPO, holds an 8.95% stake in NSDL. The private lender will sell a 2% stake in the public issue. After SEBI approved NSDL's IPO, HDFC Bank shares surged over 1% in a flat market, trading at ₹1,636.6 per share on NSE.

SEBI approves the NSDL IPO with major stakeholders including IDBI Bank and NSE participating. India's largest depository set for a significant public issue.

NSDL, India's leading depository, gets Sebi's nod to launch its IPO. NSE, HDFC Bank, and SBI will offload shares in an OFS. This follows approval for Standard Glass Lining and Zinka Logistics IPOs.

The IPO of NSDL, which is completely an offer for sale, will see IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India offloading their stakes.

Sebi has approved the IPO of National Securities Depository Limited (NSDL). The offer for sale will include 57,260,001 shares, with major stakeholders like IDBI Bank, NSE, and SBI reducing their stakes.

An observation letter is a document issued by the Securities and Exchange Board of India (SEBI) to a company in response to a draft offer document for an Initial Public Offering (IPO).

NSDL's IPO will be a complete Offer For Sale (OFS), which means the company will not receive any proceeds from the issue.