The IPO consists solely of an “offer to sell” by its main investors.
IPO details
Through the IPO, NSDL will allow investors to sell up to 5,726 crore worth of shares by issuing shares with a par value of Rs. 2 per share.
The offer for sale includes 2,22,20,000 shares in IDBI Bank Ltd.; 1.80.00.001 shares of National Stock Exchange of India Ltd.; 56.25,000 shares of Union Bank of India; 40,00,000 shares of State Bank of India; 40,00,000 shares in HDFC Bank Ltd. (SS); and 34.15,000 shares from the Administrator of the specified company of the Unit Trust of India.
As managers, ICICI Securities Ltd., Axis Capital Ltd., HSBC Securities and Capital Markets (India) Pvt., Motilal Oswal Investment Advisors Ltd. and SBI Capital Markets Ltd. the transaction.
company details
National Securities Depository Ltd. is the largest custodian in India as of 31 March 2023 in terms of number of issuers, active instruments, market share of Demat settlement volume and value of assets under custody. In November 1996, following the introduction of the Depositories Act, NSDL pioneered the dematerialization of securities in India.
finance
Revenue of India’s largest custodian increased by 33.95% year-on-year to Rs.1,099.8 crore for the year ended 31 March 2023. Net profit was Rs.234.8 crore versus Rs.212 crore in FY22.
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