In recent weeks, India’s IPO market has been somewhat sluggish, but National Securities Depository Limited (NSDL) is rapidly advancing its plans to go public. The country’s largest securities depository is preparing to launch its much-anticipated ₹3,000 crore initial public offering (IPO) next month amidst changing market conditions and regulatory deadlines.
This offer will be entirely an offer for sale (OFS), with six shareholders reducing their stakes, including the National Stock Exchange (NSE), IDBI Bank, and HDFC Bank. Currently, NSE holds a 24% stake in NSDL.
