NSDL IPO: National Securities Depository Limited (NSDL) has got approval to bring its IPO. Market regulator SEBI has given the green signal to NSDL's IPO. In July 2023, the country's largest depository company had applied to SEBI for an IPO. Through the IPO, the company will issue 57,260,001 shares in the market. Through this IPO, the company wants to raise Rs 3000 crore. Let us tell you that the number of active users of NSDL is 3.76 crores. On an average, 5414 clients have been added every day. Let us tell you that on September 30, SEBI had issued an observation letter in this regard. This IPO was in discussion for a long time and the company was preparing for it.

The country's largest depository 
 
 NSDL is the country's largest depository company, which plays an important role in the financial markets. According to the draft paper submitted by NSDL, this public issue will be an Offer for Sale (OFS), through which about 5.72 crore shares will be sold. Let us tell you that in OFS the money goes to the investors of the company.

IDBI Bank, SBI, HDFC Bank, NSI, and Union Bank of India will sell their stake in this company. Through this IPO, HDFC Bank will sell its 2% equity stake in NSDL. Similarly, IDBI Bank, which has a 26 percent stake in NSDL, will sell about 2.22 crore shares in this IPO. 
National Stock Exchange (NSE), which has a 24 percent stake in NSDL, will sell 1.8 crore shares in the public issue. Similarly, SBI has 5 percent, Union Bank of India has 2.8 percent and Canara Bank has a 2.3 percent stake.  

What does NSDL do? 

NSDL is a financial company. This company works in the products and services sector in the financial and securities markets. This company has been working since the year 1996. As of March 31, 2023, NSDL was the largest depository in the country based on active users, active accounts, and market share in demat settlement cases.