Home IPO nsdl ipo: NSDL eyeing to raise Rs 4,500 crore via IPO route

nsdl ipo: NSDL eyeing to raise Rs 4,500 crore via IPO route

by Chris Williams
New Delhi: India’s first and biggest depository services company, National Securities Depository (NSDL) is eyeing to raise Rs 4,500 crore through its primary stake sale.

NSDL has initiated talks with investment banks to launch an initial public offering (IPO), reported The Mint, citing two sources familiar with the matter.

The company managed more than 2.76 crore investor accounts with a demat custody value of Rs 297.55 lakh crore, as of May 31, 2022. It has more than 89 per cent market share in terms of demat asset value.

NSDL was incorporated in 1996 after the Depositories Act came into force. The company is likely to raise Rs 4,500 crore from the primary markets at a valuation of Rs 16,000-17,000 crore.

According to the report, NDSL is in talks with various top domestic and global investment banks. The issue will majorly consist of secondary stake sale, giving exit to existing investors.

and National Stock Exchange (NSE) hold 26 per cent and 24 per cent stakes in the company, respectively. (5 per cent), (2.8 per cent) and (2.3 per cent) are other key stakeholders.

Other shareholders of NSDL include Specified Undertaking of the Unit Trust of India (SUUTI), , Citibank, HSBC, Standard Chartered Bank, Deutsche Bank, Life Insurance and IIFL Special Opportunities Fund.

Prior to NSDL, its peer

Services (India) or went public in 2017. Its issue was subscribed a whopping 170 times.

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