NSDL had filed its Draft Red Herring Prospectus with the securities board in July 2023, but the DRHP was put in abeyance.

NSDL, India's leading depository, gets Sebi's nod to launch its IPO. NSE, HDFC Bank, and SBI will offload shares in an OFS. This follows approval for Standard Glass Lining and Zinka Logistics IPOs.

Capital market regulator SEBI has approved the IPO of National Securities Depository Limited (NSDL). NSDL is the country's largest depository.

HDFC Bank, the sixth shareholder in the IPO, holds an 8.95% stake in NSDL. The private lender will sell a 2% stake in the public issue. After SEBI approved NSDL's IPO, HDFC Bank shares surged over 1% in a flat market, trading at ₹1,636.6 per share on NSE.

Suraksha Diagnostic Ltd., based in Eastern India, has received approval from SEBI for its initial public offering (IPO). SEBI issued the observation letter on September 30, enabling the company to proceed with the IPO.

The market watchdog issued an observation on Sept 30, for the companys public offering. In SEBIs parlance, obtaining the observation letter means its go-ahead to float the public issue.

NSDL, India's largest depository, received final approval from SEBI to launch an IPO involving an offer for sale of 57,260,001 shares, allowing IDBI Bank, NSE, SBI, HDFC Bank, and Union Bank to reduce their stakes.

The IPO, which is an offer for sale (OFS) of 57,260,001 shares, will see IDBI Bank, NSE, SBI, HDFC Bank, and Union Bank of India partake.

Sebi has approved the IPO of National Securities Depository Limited (NSDL). The offer for sale will include 57,260,001 shares, with major stakeholders like IDBI Bank, NSE, and SBI reducing their stakes.

NSDL's IPO will be a complete Offer For Sale (OFS), which means the company will not receive any proceeds from the issue.