nsdl ipo: NSDL, the largest depository service company, plans to raise Rs 4,500 crore through IPO! – nsdl eyeing to raise rs 4,500 crore via ipo route

National Securities Depository (NSDL), India’s first largest depository service provider, is set to raise Rs 4,500 crore through its initial public offering. NSDL is in talks with investment banks to launch an initial public offering (IPO).

As on May 31, 2022, the company manages 2.76 crore investor accounts out of Rs 297.55 lakh crore demat accounts. It has a market share of over 89% in terms of demat asset value. NSDL was incorporated in 1996 after the Depository Act came into force. At present, the company has the potential to raise Rs 4,500 crore from the primary markets at an estimated cost of Rs 16,000-17,000 crore.

According to the report, NDSL is in talks with various domestic and global investment banks. In order to exit existing investors, it will be important to sell secondary shares.

IDBI Bank holds 26 per cent and 24 per cent stakes in National Stock Exchange, respectively. State Bank of India, Union Bank of India and Canara Bank are the other major shareholders.

Other shareholders of NSDL include Unit Trust of India (SUUTI), HDFC Bank, Citibank, HSBC, SCP, Touch Bank, Kotak Mahindra Life Insurance and IIFL Special Funds. Prior to NSDL, its fellow Central Depository Services (India) CDSL went public in 2017. Its output was 170 times more subscribed.