NSDL IPO: The Securities and Exchange Board of India (SEBI) has granted approval for the initial public offering (IPO) of National Securities Depository Limited (NSDL). NSDL plays a crucial role in managing a significant portion of the securities held and settled in dematerialised form within the Indian capital market.
Learn More About Upcoming NFO Stock List 2024: New Fund Offerings to Watch in the Stock Market Today
NSDL submitted its preliminary IPO papers to SEBI on July 7, 2023. However, in August 2023, SEBI put the proposed share sale on hold, delaying the process.
Founded in August 1996, NSDL has established itself as a sophisticated infrastructure provider, addressing the challenges posed by traditional paper-based securities transactions. Before its establishment, the Indian capital market faced numerous issues, such as delayed transfers and bad deliveries.
Also Read: Ola Electric Shares Drop 46% from Peak from Rs 157.53, Hit New Lows – Find Out What’s Happening!
The Depositories Act, enacted in August 1996, facilitated the creation of NSDL, which serves as a key player in enabling securities transactions and holding securities in dematerialised form.
In contrast, NSDL’s competitor, Central Depository Services Limited (CDSL), was launched in 1999 and is already publicly traded. CDSL has recently achieved a significant milestone by opening over 60 million active demat accounts, solidifying its position as India’s largest depository. As of the latest reports, CDSL shares were trading at ₹1,351.70, down over 1% on the NSE.
