NSDL IPO is entirely an offer for sale (OFS) of up to 5.01 crore equity shares by existing shareholders, including IDBI Bank, the National Stock Exchange of India (NSE), and the State Bank of India (SBI).
IDBI Bank will sell up to 2.22 crore shares, SBI will sell up to 40 lakh shares, NSE will offload up to 1.80 crore shares, and HDFC Bank will sell up to 20 lakh shares. Currently, IDBI Bank and NSE hold 26.01% and 24% stake, respectively, in NSDL. HDFC Bank holds a 7.95% stake, Deutsche Bank and SBI hold a 5% stake.
ICICI Securities, HDFC Securities and Capital Markets, IDBI Capital Markets & Securities, Axis Capital, SBI Capital Markets and Motilal Oswal Investment Advisors are the issue’s book-running lead managers, while MUFG Intime India serves as the registrar.
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