National Securities Depository Ltd NSDL 3 000 Crore IPO May Be Launched This month

NSDL IPO: Depository company NSDL i.e. National Securities Depository Limited can launch its much awaited initial public issue (IPO) this month. News agency PTI has given this information. According to a report revealed in February, through this IPO, NSDL aims to raise Rs 3,000 crore from the stock market.

NSDL preparing to take approval

Before launching the IPO, NSDL will need several regulatory approval for its draft documents, including the approval of the Securities and Exchange Board of India (SEBI). A senior official told PTI that the company has time to take approval. Its time limit is going to end in March. When asked about the timeline of this upcoming IPO, the senior official said, we have time till March. We are working as soon as possible. We are preparing to launch the IPO before March.

This is NSDL work

Let us know that NSDL is the largest and oldest depository in India. This institution keeps other securities in electronic form including shares of investors. It was established in 1996 and is in the headquarters Mumbai. It was the first depository to provide online trading service in the country. This depository mostly oversees the demat account.

According to the report, due to the approval given by SEBI as a market infrastructure institution (MII), SEBI is doing the work of selling NSDL shares fast due to the approval given by SEBI. According to the report, NSE, State Bank of India (SBI) and HDFC Bank are also planning to sell 5.72 crore equity shares in this issue, which will be completely OFS i.e. open for sale.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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