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HomeMoney HacksNSDL Slashes IPO Size to 50.15 Million Shares

NSDL Slashes IPO Size to 50.15 Million Shares

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NSDL Cuts IPO Size to 50.15 Million Shares Ahead of July 31 Deadline

National Securities Depository Ltd. (NSDL) has revised its much-anticipated Initial Public Offering (IPO), reducing the offer size from 57.26 million to 50.15 million shares. This IPO will be entirely an Offer for Sale (OFS), meaning no new shares will be issued, and existing shareholders will dilute their stakes.

Key Shareholders Offloading Stakes:

  • IDBI Bank will offload an 11.11% stake.
  • National Stock Exchange (NSE) will sell a 9% stake.
  • State Bank of India (SBI), HDFC Bank, and Union Bank will collectively divest over 3%.
  • Other shareholders are expected to offload around 2%.

This move comes in compliance with the Securities and Exchange Board of India (SEBI)’s ownership norms, which restrict any single entity from holding more than 15% in market infrastructure institutions.

NSDL has already secured SEBI’s approval for the IPO, which is now required to go live on or before July 31, 2025.

The market is closely watching the offering, expected to be one of the key IPOs in the financial sector this year, as NSDL continues to play a crucial role in India’s capital market infrastructure.

Amit Sharma
Amit Sharma
Amit Sharma is the Content Editor at JurisHour. He has been writing about the Indian legal market. He has covered tax & company litigation stories from the Supreme Court, High Courts and Various Tribunals. Amit graduated from MLSU Law College with B.A.LL.B. and also holds an LL.M. from MLSU, Udaipur, Rajasthan. An Advocate in Taxation, and practised in Tribunals as well as Rajasthan High Court and pursued Masters in Constitutional Law. He started out small with little resources but a big plan to take tax legal education to the remotest locations across India and eventually to the world. His vision is to make tax related legal developments accessible to the masses.

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