NSDL IPO GPM Details : National Securities Depository Limited (NSDL) is likely to launch its much-awaited initial public offering (IPO) this month. The news agency PTI reported. According to a report published in February, through this IPO, NSDL aims to raise Rs 3,000 crore from the stock market.
NSDL is preparing to get approval
NSDL will need several regulatory approvals, including from the Securities and Exchange Board of India (Sebi), for its draft documents before launching the IPO. A senior official told PTI that there is still time for the company to seek approval. The deadline is due to expire in March. Asked about the timeline of the upcoming IPO, the senior official said, “We have time till March. We will complete the work as soon as possible. We are preparing to launch the IPO before March.
This is the work of NSDL
NSDL is India’s largest and oldest depository. It holds investors’ shares and other securities in electronic form. It was founded in 1996 and is headquartered in Mumbai. It was the first depository to offer online trading services in the country. This depository looks after most of the demat accounts.
According to the report, NSDL is doing the work of selling shares rapidly due to the approval given by SEBI as a Market Infrastructure Institution (MII) by SEBI. According to the report, NSE, State Bank of India (SBI) and HDFC Bank are also planning to sell 5.72 crore equity shares in this issue, which will be completely OFS.
What will be the size of the NSDL IPO?
In the upcoming public offering of NSDL, 576 lakh equity shares will be sold through an offer-for-sale. There has been no update on the size of the IPO and the fresh issue. Some of the major shareholders like National Stock Exchange (NSE), IDBI Bank and HDFC Bank will sell their shares. NSE holds 24 per cent stake in NSDL.
NSDL IPO GMP Details
At the time of writing this report, the GMP of NSDL IPO has not yet started. This means that trading of shares in the secondary market has not yet started.
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