National Securities Depository Plans ₹4,000 Crore IPO Opening July 30

National Securities Depository Limited (NSDL), India's largest depository, is set to launch its initial public offering (IPO) on July 30, 2025, with bids open until August 1. The IPO is an offer for sale of up to 50,145,001 equity shares by selling shareholders, including IDBI Bank, National Stock Exchange of India, State Bank of India, HDFC Bank, Union Bank of India, and the Administrator of the Specified Undertaking of the Unit Trust of India. The price band for the shares is set between ₹760 and ₹800, with the IPO expected to raise around ₹4,000 crore (approximately $464 million). The equity shares will be listed on the BSE Limited, and the offer is being managed by multiple lead managers including ICICI Securities, Axis Capital, HSBC Securities, and others. This public listing is crucial for NSDL to comply with Securities and Exchange Board of India (SEBI) ownership norms, which require major shareholders to reduce their stakes below 15%. NSDL's IPO is notable as it will become the second publicly traded depository in India, following Central Depository Services (CDSL).