NSDL IPO Plans: The country’s largest depository company National Securities Depository Limited (NSDL) is preparing to bring IPO. It is believed that NSDL can raise Rs 4500 crore from the capital market through IPO. According to the information, NSDL has started talks with investment banks to bring IPO. The company is in talks with several domestic and foreign investment banks.
NSDL has maximum number of demat accounts
Let us tell you that NSDL has accounts of 2.76 crore investors whose custody value is 297.55 lakh crores. NSDL has a market share of 89 per cent in demat asset value. It is believed that most of the share offers through NSDL IPO will be sold through fall sale. So that existing investors can sell their stake in the company.
IDBI Bank holds 26% stake
NSDL was established in 1996 when the Depository Act came into force. If the company raises Rs 4500 crore through IPO, then it can get a valuation of Rs 16,000 to 17,000 crore. IDBI Bank holds 26 per cent stake in NSDL and 24 per cent stake in National Stock Exchange (NSE). SBI holds 5 per cent, Yenion Bank holds 2.8 per cent and Canara Bank holds 2.3 per cent.
CDSL gave 600% return
Before the IPO of NSDL, CDSL also brought IPO in 2017. Then the IPO of CDL was subscribed 170 times. The company had come up with an IPO at a price band of Rs 145 to 149 per share. CDSL has given multibagger returns to the investors. CDSL is currently trading at Rs 1079. That is, CDSL’s IPO has given a return of 600 percent to the investors.
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