Five Things to Know about the NSDL IPO
upcoming IPO have finally cleared. There were a lot of speculations last year about the IPO timeline, its size and the valuation of unlisted shares of the largest Indian depository. All speculations have been put to rest as NSDL filed its draft red herring prospectus (DRHP) with the market regulator.
Here are five things you should know. National Securities Depository (NSDL) is an Indian central securities depository, based in Mumbai. It was established in August 1996 as the first electronic securities depository in India with national coverage.
It was established based on a suggestion by a national institution responsible for the economic development of India. NSDL has over 31.46 million (m) active demat accounts and services 99.99% of the value of equity, debt, and other securities held by foreign portfolio investors (FPIs) in dematerialized form in India. NSDL's contributions to the Indian financial landscape extend beyond depository services.
Over the past couple of years, it has diversified offerings, including PAN card services, online tax accounting systems, and mobile-based share delivery facilities. Face value: ₹2 per equity share Type of issue: Offer for sale of ₹57,260,001 Offer structure: The company has reserved not less than 50% shares of the offer for qualified institutional buyers (QIB). It has reserved not less than 15% for non-institutional buyers (HNI).
Hence not more than 35% of shares are available for retail individual investors. Not more than 5% of the share will be reserved for eligible employees. Listing: The shares will be listed on the BSE.
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