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Jun 11, 2025
NSDL plans $400 million IPO for July
NSDL, India's biggest securities depository, is set to raise about $400 million through an IPO expected as early as July. Big names like IDBI Bank, NSE, and SBI are selling a total of 50.1 million shares in this offer.
TL;DR
What does NSDL do?
Launched in 1996, NSDL keeps track of electronic securities for investors—think of it as the digital vault for stocks and bonds in India. It also runs NSDL Payments Bank, which handles digital banking services.
IPO managed by ICICI, Axis
Top financial firms like ICICI Securities and Axis Capital are managing the IPO. Since this is an offer for sale by existing shareholders, NSDL itself won't get any direct funds from the listing. CEO Vijay Chandok hasn't shared a firm launch date yet.