NSDL Reduces IPO Size Ahead of IPO Listing
National Securities Depository Ltd. (NSDL) has revised its upcoming Initial Public Offering (IPO), reducing the offer size from 57.26 million to 50.15 million shares. This adjustment is detailed in an addendum to its draft red herring prospectus.
Offer Size Comparison (Old vs New):
Selling Shareholder | Earlier OFS (Shares) | Revised OFS (Shares) |
IDBI Bank Ltd | 22,220,000 | 22,220,000 |
NSE (National Stock Exchange) | 18,000,001 | 18,000,001 |
Union Bank of India | 5,625,000 | 500,000 |
State Bank of India | 4,000,000 | 4,000,000 |
HDFC Bank Ltd (SS) | 4,000,000 | 2,010,000 |
SUUTI (UTI Administrator) | 3,415,000 | 3,415,000 |
Total | 57,260,001 | 50,145,001 |
Why the Cut?
- The downsizing is primarily to comply with SEBI’s 15% ownership cap on entities in market infrastructure institutions. IDBI Bank and NSE needed to reduce their holdings to meet this limit.
What's Next?
- SEBI has extended the IPO listing deadline to July 31, 2025.
- ICICI Securities, Axis Capital, HSBC Securities, IDBI Capital, Motilal Oswal, and SBI Capital Markets are managing the issue as lead managers.
- NSDL is now aligning the offer to meet both regulatory and market expectations.
Tags
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.