21 February 2025
Depository firm National Securities Depository Ltd (NSDL) is targeting to launch its much awaited ₹3,000-crore initial public offering (IPO) by next month. A senior NSDL official told news agency PTI on Thursday, February 20, that as a market infrastructure institution (MII), NSDL also needs other approvals apart from the existing draft red herring prospectus (DRHP), the official said, adding that it is this approval which has a looming deadline.
"Our dates are expiring next month. We are rushing against time to get things done fast. We will try (to launch the IPO before that)," the senior official told PTI, replying to a specific query on the timeline for the IPO. The 12-month deadline for the DRHP filed by NSDL expires in September 2025.
Depository firm National Securities Depository Ltd (NSDL) is targeting to launch its much awaited ₹3,000-crore initial public offering (IPO) by next month. A senior NSDL official told news agency PTI on Thursday, February 20, that as a market infrastructure institution (MII), NSDL also needs other approvals apart from the existing draft red herring prospectus (DRHP), the official said, adding that it is this approval which has a looming deadline.
"Our dates are expiring next month. We are rushing against time to get things done fast. We will try (to launch the IPO before that)," the senior official told PTI, replying to a specific query on the timeline for the IPO. The 12-month deadline for the DRHP filed by NSDL expires in September 2025.
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