NSDL IPO Explained: The initial public offering (IPO) of National Securities Depository Ltd. (NSDL) is set to open on Wednesday, July 30, and will remain open until Friday, August 1. The bookbuilding issue is entirely an offer for sale of 5,01,45,001 shares, with a price band set at ₹760 to ₹800 per share.
Since it is an OFS, the company will not raise any fresh capital, and the entire proceeds from the issue will go to the existing shareholders selling their stakes.
NSDL IPO: 10 key things to know from RHP
Let’s take a look at 10 key things to know from the Red Herring Prospectus (RHP) of the National Securities Depository IPO:
1. Selling shareholders
According to the RHP, IDBI Bank, NSE, Union Bank of India, SBI, HDFC Bank, and Administrator of SUUTI (Specified Undertaking of the Unit Trust of India) are the selling shareholders of the NSDL IPO.
IDBI Bank is offloading 22,220,000 shares of NSDL, while NSE has offered 18,000,001 equity shares. SBI is selling 40,00,000 shares, HDFC Bank is selling 20,10,000 shares, Administrator of SUUTI is selling 34,15,000 shares, and Union Bank of India has offered 5,00,000 shares of NSDL in the issue.
(This is a developing story. Please check back for fresh updates.)
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