National Securities Depository Ltd. (NSDL) has trimmed the size of its upcoming Initial Public Offering (IPO) from 57.26 million to 50.15 million equity shares. The entire issue is structured as an Offer for Sale (OFS), meaning no new shares will be issued by the company itself.
Key participants in the OFS include:
– IDBI Bank, offloading an 11.11% stake
– National Stock Exchange (NSE), selling 9%
– SBI, HDFC Bank, and Union Bank, jointly reducing their holdings by over 3%
– Other existing shareholders, selling around 2%
This move is in compliance with regulatory requirements laid out by the Securities and Exchange Board of India (SEBI), which caps single-entity ownership in market infrastructure institutions at 15 percent.
With SEBI’s approval already secured, NSDL is expected to launch the IPO before the regulatory deadline of July 31, 2025.
