SEBI Extends NSDL’s ₹3,000 Crore IPO Launch Deadline till July 31

The Securities and Exchange Board of India (SEBI) has granted an extension to the National Securities Depository Ltd (NSDL) to launch its highly anticipated initial public offering (IPO) by the end of July 2025. The extension follows the original deadline set for this month, ensuring the successful rollout of one of the most awaited IPOs of the year.

Key Details of the NSDL IPO

NSDL’s ₹3,000 crore IPO is structured entirely as an Offer for Sale (OFS), involving the sale of 5.72 crore shares by 6 existing shareholders. Among them, major stakeholders such as the National Stock Exchange (NSE), IDBI Bank, HDFC Bank, Union Bank of India, State Bank of India, Government of India, through the SUUTI plan, to diluting their holdings. Currently, NSE holds a 24% stake in NSDL.

The company had filed its draft prospectus with SEBI in 2023 and received approval earlier this year.

NSDL’s shareholding as of January 31, 2025, comprises IDBI Bank (26.10%), NSE (24%), HDFC Bank (7.95%), SUUTI (6.83%), SBI (5%), and Union Bank of India (2.81%).

Following the IPO, NSDL’s shares will be listed on the Bombay Stock Exchange (BSE), with a portion of equity shares reserved for eligible employees. This offering is expected to generate significant interest from investors, given NSDL’s dominant position in India’s financial ecosystem.

NSDL’s Market Position and Services

As one of the largest central securities depositories globally, NSDL plays a pivotal role in India’s capital markets. It provides comprehensive services to investors, stockbrokers, custodians, and issuer companies. Its core offerings include opening and maintaining demat accounts, dematerialisation of securities, share transfers, and managing non-cash corporate benefits.

As of February 2025, NSDL manages over 3.91 crore active client accounts and holds an impressive market share of over 80% in terms of the total value of dematerialised assets in India. The company’s robust infrastructure supports advanced settlement cycles like T+1, contributing to enhanced market efficiency.

Conclusion

With SEBI’s extension, NSDL now has additional time to launch its much-awaited IPO, expected to attract strong investor interest. Given its dominant market presence and critical role in India’s financial landscape, the IPO is poised to be a landmark event in the country’s capital markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.