NSDL likely to file DRHP for IPO by year-end

The National Securities Depository Limited (NSDL) is likely to file the Draft Red Herring Prospectus (DRHP) for its Initial Public Offering (IPO) by the end of this year, people in the know of the matter told CNBC-TV18.

NSDL is India's first depository backed by IDBI Bank and the National Stock Exchange and it would become the second depository to list on exchanges after the CDSL.

The company is likely to launch its IPO by May 2023, the sources said, adding that the IPO size is likely to be between Rs 3,500 crore and Rs 4,000 crore. The IPO is likely to be a complete offer for sale (OFS).