National Securities Depository Limited (“NSDL” or “Company”) is set to open its initial public offering (IPO) for subscription on Wednesday, July 30, 2025.
The IPO consists entirely of an offer for sale of up to 50,145,001 equity shares by the existing shareholders (“Total Offer Size”). The price band for the offer has been fixed at ₹760 to ₹800 per equity share of face value ₹2 each.
Bidding will remain open from Wednesday, July 30, 2025 to Friday, August 01, 2025, with the Anchor Investor Bid/Offer Period scheduled for Tuesday, July 29, 2025. Bids can be made for a minimum of 18 equity shares and in multiples of 18 equity shares thereafter.
The Offer for Sale includes up to 22,220,000 equity shares by IDBI Bank Limited; up to 18,000,001 equity shares by National Stock Exchange of India Limited; up to 500,000 equity shares by Union Bank of India Limited; up to 4,000,000 equity shares by State Bank of India Limited; up to 2,010,000 equity shares by HDFC Bank Limited; and up to 3,415,000 equity shares by the Administrator of the Specified Undertaking of the Unit Trust of India (“Selling Shareholders”).
The equity shares are being offered through a Red Herring Prospectus dated July 23, 2025, filed with the Registrar of Companies, Maharashtra at Mumbai. The shares are proposed to be listed on BSE Limited (“BSE”), which will serve as the Designated Stock Exchange for this offer.
