NSDL could file DRHP for IPO by year-end


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Sources stated the corporate could launch its IPO by Might 2023, with the IPO dimension more likely to be between Rs 3,500 and Rs 4,000 crore.

Nationwide Securities Depository Restricted (NSDL) is more likely to file a draft pink herring prospectus (DRHP) for its preliminary public providing (IPO) by the top of this yr, folks with information of the matter stated. CNBC-TV 18,

NSDL is the primary depository in India backed by IDBI Financial institution and the Nationwide Inventory Alternate and can grow to be the second depository after CDSL to be listed on the exchanges.

Sources stated the corporate is more likely to launch its IPO by Might 2023, with the scale of the IPO more likely to be between Rs 3,500 crore and Rs 4,000 crore. The IPO is more likely to be a Accomplished Provide for Sale (OFS).

Sources stated the supply might worth NSDL round Rs 12,000-14,000 crore.

ICICI Securities, HSBC, Axis Securities, HDFC Securities, Motilal Oswal, SBI Cap, IDBI Cap are more likely to be the bankers to the NSDL IPO, he added.



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