NSDL receives an extended deadline to list its IPO

SEBI has extended the deadline for National Securities Depository Limited (NSDL) to complete its IPO listing to August 14, 2025, up from the previous deadline of July 31, 2025. The extension, granted in a letter dated July 21, 2025, is subject to the conditions set forth in SEBI’s March 2025 directive.

NSDL had previously received an extension in April but failed to meet the listing deadline. It again missed the July deadline, with sources suggesting that valuation issues may be contributing to the delay.

Additionally, NSDL is partly owned by IDBI (26.01%) and NSE (24%), both of which hold stakes that exceed SEBI’s 15% ownership limit for market infrastructure institutions.

As of Dec 31, 2024, NSDL stands as the country’s largest depository, excelling in the number of issuers, active instruments, market share in settlement volume, and value of assets held in custody.

In a related development, NSDL’s subsidiary, NSDL Payment Bank, received scheduled commercial bank status from the RBI, further expanding the company’s financial services footprint.