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If the listing goes ahead as planned, NSDL would become the second depository after peer Central Depository Services Limited in 2017 to be listed on the domestic bourses.
In its draft red herring prospectus (DRHP) dated July 7, the depository said the IPO will see sales of 57.3 million shares by its six shareholders.
HDFC Bank plans to divest a 2% stake in the National Securities Depository (NSDL) through its IPO. The bank will offload up to 40 lakh equity shares. Additionally, HDFC Bank will announce its Q1 results for FY24 on July 12.
If the listing plans fructify, NSDL would become the second depository services company to be listed on the domestic bourses, post the bumper market debut of peer CDSL in 2017
If the listing plans come to fruition, NSDL will become the second depository services company to be listed on domestic stock exchanges, following the successful market debut of its peer, Central Depository Services Limited (CDSL), in 2017