Giving relief to the National Securities Depository Limited (NSDL), market regulator SEBI has provided time till July 31 to present the initial public issue of Rs 3,000 crore. Earlier, the period of approval from the market regulator was ending this month. Market experts believe that now the delay received will help NSDL prepare for IPOs and launch it in the market, when the market will improve.
In the letter of 28 March, SEBI has given theoretical approval for listing, which will depend on some conditions. This step is important for compliance with the market regulator’s mandatory to limit the ownership of any one unit for market infrastructure institutions (MII). SEBI gave in -principle approval to the IPO in September 2024 and NSDL submitted the draft draft in July 2023.
This IPO will be fully biological sales, where six shareholders are disinvesting their stake and include National Stock Exchange, IDBI Bank and HDFC Bank. In the year 2018, SEBI implemented a rule to limit a single unit to 15 per cent in the market infrastructure institutions and gave five years to comply with it, which ended in October 2023. The market regulator gave NSE for disinvestment of NSDL’s share. NSDL has a 24 per cent stake in NSDL.
In the December quarter, the integrated net profit of NSDL rose by about 30 per cent to Rs 85.8 crore, while the total income gained 16 per cent to Rs 391 crore.
Realty Company Runwal Enterprises submitted IPO documents
Mumbai’s Real Estate Developer Runwal Enterprises has submitted a draft of the brochure near the market regulator SEBI to launch an initial public issue of Rs 1,000 crore. In this IPO, new equity shares of Rs 2 will be released completely. Also, the company can consider a pre-IPO placement of Rs 200 crore.
First Published – April 1, 2025 | 10:58 PM IST
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