The National Securities Depository Limited has made an initial public offering through an offer for sale of up 50,145,001 equity shares by IDBI Bank Limited, National Stock Exchange of India Limited, Union Bank of India, State Bank of India, HDFC Bank Limited and Administrator of the Specified Undertaking of the Unit Trust of India, aggregating to ₹4,011 crore. 

Khaitan & Co advised NSDL on this IPO.

The transaction team consisted of Sudhir Bassi (Executive Director), Madhur Kohli (Partner), Vaibhav Mittal (Partner), Ira Pandya (Senior Associate), Sarjana Das (Senior Associate), Siddharth Jain (Associate) and Tejas Kothari (Associate).

Shardul Amarchand Mangaldas & Co advised the book running lead managers ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, IDBI Capital Markets & Securities Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited and HDFC Bank Limited, on this IPO.

The transaction team was led by Nikhil Naredi (Partner), and included Priya Awasthi (Counsel), Tarun Srikanth (Principal Associate), Shruthi Hariharan (Senior Associate), Associates Manish Soni, Soundarya Mathavan and Shariba Tasneem.

CMS INDUSLAW advised the selling shareholders National Stock Exchange, IDBI Bank, State Bank of India, HDFC Bank, Union Bank of India and Administrator of the Specified Undertaking of the Unit Trust of India.

The transaction team consisted of Kaushik Mukherjee (Partner), Kanika Sachdeva (Counsel), Anumeha Agrawal (Senior Associate) and Satakshi N Dixit (Associate).

National Securities Depository Limited (NSDL) is a central securities depository. NSDL plays a crucial role in the Indian financial system, facilitating the smooth functioning of the securities market and ensuring the safety and integrity of transactions.

The NSDL IPO was subscribed 41.01 times.

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