Sebi Grants Extension to NSDL to launch its 3,000 crore IPO by July

Capital Markets Regulator Sebi has extended the NSDL (National Securities Depository Limited) to start the IPO by the end of July this year, according to multiple reports. This month, the extension comes by the regulator when the last date of the IPO goes away.

The Rs. 1 crore IPO, organized by the country’s largest securities depository, is one of the highest -awaited this year.

The IPO is fully for sale of 72.7272 crore shares (OFS). The existing six shareholders will thin their innings, including the National Stock Exchange (NSE), IDBI Bank and HDFC Bank. The NSE currently has a 24% stake in the NSDL.

The company filed its draft prospectus in Sebi in 2023 and was approved this year.

NSDL is one of the world’s largest central securities depositors. It offers a wide range of services to various stakeholders in the financial market, including investors, stock brokers, custodians and issuer companies.

These services include opening, maintenance and transmitting demat accounts, dematalization of securities, sharing of shares and distribution of non-cash corporate benefits.

As of February 2025, NSDL has more than 3.91 million active client accounts and has market share of more than 80% in the value of demat property in India. NSDL’s infrastructure supports the implementation of an advanced settlement cycle such as T +1, which further increases market efficiency.

The company’s financial profits are also strong with the recent 30% year-by-year increase in Q3’s net profit. The total revenue increased 16% to 391 crore.

Post IPO, stock will be listed on BSE. IPO includes a reservation of equity shares for subscription by eligible employees.