NSDL aims to launch Rs 3,000-cr IPO by next month(March'25)
Depository firm NSDL is targeting to launch its much awaited Rs 3,000-crore initial public offering (IPO) by next month.
As a market infrastructure institution (MII), National Securities Depository Ltd (NSDL) also needs other approvals apart from the draft red herring prospectus, the official said, adding that it is this approval which has a looming deadline.
NSDL had received a go-ahead from Sebi for the IPO in September last year.
As per reports, NSE, State Bank of India (SBI) and HDFC Bank plan to offload 5.72 crore equity shares in the issuance which will be a complete offer for sale (OFS).
