National Securities Depository Limited (NSDL) IPO

National Securities Depository is a SEBI-registered market infrastructure institution (MII) in India that offers different services to the financial and securities markets. It functions as a depository, providing a digital system that allows investors to hold and manage securities electronically through demat accounts. The company’s primary functions include maintaining allotment and transfer of ownership records, facilitating asset servicing and transactions, and other additional services such as e-voting services, consolidated count statement (CAS), blockchain-based security and monitoring platforms for non-disposal undertakings (NDU) and debentures. The company supports dematerialised holdings across different asset types, including listed and unlisted equity shares, preference shares, warrants, mutual funds, real estate investment trust (REITs), infrastructure investment trusts (InvITs), alternative investment funds (AIFs), corporate debt, commercial papers, certificates of deposit, pass-through certificates, security receipts, government securities, sovereign gold bonds, municipal debt, treasury bills, and electronic gold receipts. The depository’s services cater to various market participants such as investors, issuers, depository participants, financial institutions, brokers, custodians, and clearing corporations. Use of Proceeds: The IPO is an offer-for-sale (OFS). The company will not receive any proceeds from the offer. Net proceeds from the offer will go to the promoter selling shareholders in proportion to the number of shares offered by them for sale. The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which is expected to enhance the company’s visibility and brand recognition. The listing will also provide liquidity to the existing shareholders and create a public market for the company’s shares in India.;