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Economic Times
5 days ago
- Business
- Economic Times
NSDL IPO: Dates announced for Rs 4,000 crore issue, NSE to sell 1.8 crore shares
NSDL IPO dates Live Events NSDL IPO price band (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The much-awaited Rs 4,000 crore initial public offering (IPO) of National Securities Depository NSDL ) is all set to be open for public subscription from July 30 after the company got an extension from the markets regulator Sebi to list on stock exchanges by August the nod, NSDL has filed red herring prospectus (RHP) with the regulator for the IPO, which would be an entirely offer for sale (OFS) of up to 5.01 crore shares of the company by selling shareholders - IDBI Bank , NSE and Union Bank of India HDFC Bank and Specified Undertaking of the Unit Trust of India (SUUTI)The company is said to be aiming for a valuation of Rs 16,000 crore in the IPO, where existing shareholders can offload around Rs 4,000 crore worth of Bank is selling about 2.22 crore shares, NSE is selling 1.8 crore shares, while Union Bank is offloading 5 lakh shares in the IPO. NSDL IPO will open for public subscription on July 30 and close on August 1. Anchor investors can bid for the IPO on July depository was scheduled to open its IPO before July 31, as regulations require companies to complete the process within one year of receiving IPO approval. The issue was, however, delayed due to lengthy negotiations over the company's IPO valuation, prompting it to seek Sebi's approval to delay the launch of the IPO, ET reported first filed its draft red herring prospectus (DRHP) with Sebi in July 2023 and filed an addendum this May, reducing the issue size from 57.2 million shares to 50.1 million the unlisted market, the shares last traded at Rs 1,025, down from Rs 1,250 a month ago, according to . As per IPO Watch, the shares currently command a grey market premium of Rs 154 per share. At this price, the company's price-to-earnings ratio is nearly 60 times, while its larger listed peer CDSL trades at 69 the broader market correction slowing down primary market activity, NSDL's financials remain strong. The company posted a 29.82% year-on-year surge in consolidated net profit to Rs 85.8 crore in Q3 FY25, while total income climbed 16.2% to Rs 391.21 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
5 days ago
- Business
- Time of India
NSDL IPO: Dates announced for Rs 4,000 crore issue, NSE to sell 1.8 crore shares
NSDL first filed its draft red herring prospectus (DRHP) with Sebi in July 2023 and filed an addendum this May. The Rs 4,000 crore IPO of NSDL will open on July 30 and close on August 1, featuring an offer for sale by key shareholders including NSE and IDBI Bank. The company is targeting a Rs 16,000 crore valuation and has strong financials ahead of listing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The much-awaited Rs 4,000 crore initial public offering (IPO) of National Securities Depository NSDL ) is all set to be open for public subscription from July 30 after the company got an extension from the markets regulator Sebi to list on stock exchanges by August the nod, NSDL has filed red herring prospectus (RHP) with the regulator for the IPO, which would be an entirely offer for sale (OFS) of up to 5.01 crore shares of the company by selling shareholders - IDBI Bank , NSE and Union Bank of India HDFC Bank and Specified Undertaking of the Unit Trust of India (SUUTI)The company is said to be aiming for a valuation of Rs 16,000 crore in the IPO, where existing shareholders can offload around Rs 4,000 crore worth of Bank is selling about 2.22 crore shares, NSE is selling 1.8 crore shares, while Union Bank is offloading 5 lakh shares in the IPO. NSDL IPO will open for public subscription on July 30 and close on August 1. Anchor investors can bid for the IPO on July depository was scheduled to open its IPO before July 31, as regulations require companies to complete the process within one year of receiving IPO approval. The issue was, however, delayed due to lengthy negotiations over the company's IPO valuation, prompting it to seek Sebi's approval to delay the launch of the IPO, ET reported first filed its draft red herring prospectus (DRHP) with Sebi in July 2023 and filed an addendum this May, reducing the issue size from 57.2 million shares to 50.1 million the unlisted market, the shares last traded at Rs 1,025, down from Rs 1,250 a month ago, according to . As per IPO Watch, the shares currently command a grey market premium of Rs 154 per share. At this price, the company's price-to-earnings ratio is nearly 60 times, while its larger listed peer CDSL trades at 69 the broader market correction slowing down primary market activity, NSDL's financials remain strong. The company posted a 29.82% year-on-year surge in consolidated net profit to Rs 85.8 crore in Q3 FY25, while total income climbed 16.2% to Rs 391.21 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
6 days ago
- Business
- Time of India
NSDL gets in-principle nod to list by mid-August
Mumbai: National Securities Depository (NSDL) has received the Securities and Exchange Board of India 's in-principle approval to list on the stock exchanges by August 14. The depository was scheduled to open its IPO before July 31, as regulations require companies to complete the process within one year of receiving IPO approval. The issue has been delayed due to lengthy negotiations over the company's IPO valuation , prompting it to seek Sebi's approval to delay the launch of the IPO, said people with knowledge of the matter. Explore courses from Top Institutes in Please select course: Select a Course Category Degree Others Cybersecurity CXO MCA Data Science healthcare MBA Project Management others Operations Management Digital Marketing Product Management Healthcare Management PGDM Technology Leadership Public Policy Finance Design Thinking Data Science Data Analytics Artificial Intelligence Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Remember Him? Sit Down Before You See What He Looks Like Now 33 Bridges NSDL's IPO is now likely to open by the end of this month or early next month, with listing targeted in the first week of August, they said. The company is now aiming for a valuation of ₹16,000 crore in the IPO, they added. NSDL first filed its draft red herring prospectus (DRHP) with Sebi in July 2023 and filed an addendum this May, reducing the issue size from 57.2 million shares to 50.1 million shares. In the unlisted market, the shares last traded at ₹1,025, down from ₹1,250 a month ago, according to As per IPO Watch, the shares currently command a grey market premium of ₹154 per share. At this price, the company's price-to-earnings ratio is nearly 60 times, while its larger listed peer CDSL trades at 69 times.
CNBC
04-07-2025
- Business
- CNBC
London IPO fundraising hits a three-decade low in another blow to the UK capital
Fundraising from London IPOs slumped to at least a three-decade low in the first half of this year, new data showed on Friday – raising fresh questions about the fading allure of the U.K. as a hub for global capital. The five debuts on the London market in the first six months of 2025 raised a total of £160 million ($218.6 million), according to new data from Dealogic. That's the lowest level of London IPO funds raised in the first half of the year recorded by Dealogic since it began collecting data in 1995. Even in the aftermath of the 2008 financial crisis, two London IPOs managed to raise £222 million in the first half of 2009, the data shows. London's biggest IPO so far this year was the listing of professional services company MHA, which raised £98 million at its debut on the Alternative Investment Market (AIM) in April. The listings slump in London this year adds to the city's struggles to hold onto its former glory as one of the top destinations for global capital. According to the most recent IPO Watch report from professional services giant PwC, IPO proceeds in the U.K. fell to £100 million in the first quarter of 2025, down from £300 million in the same period a year earlier. This year alone, the city's financial markets have been passed over by firms that had once planned blockbuster listings there. Shein, for example, is reported to be planning an IPO in Hong Kong after abandoning earlier plans to float its shares in London, while Glencore-backed metals investor Cobalt Holdings confirmed to CNBC last month that it had scrapped plans for a London IPO. The troubles aren't limited to new listings – in June, British fintech giant Wise announced it was moving its primary listing from London to New York, and earlier this week it was reported that pharma giant AstraZeneca – the most valuable company on London's FTSE 100 index – is considering moving its listing to the United States. Kristo Kaarmann, Wise's CEO and co-founder, said in a statement at the time that the move would help raise awareness of the company in the U.S., while giving the firm better access to "the world's deepest and most liquid capital market." Dealogic's data highlighted a significant gap between U.S. and U.K. listings so far this year. U.S. markets saw 156 IPOs in the first six months of the year, which collectively raised $28.3 billion, the figures showed. However, Samuel Kerr, head of equity capital markets at Mergermarket, told CNBC that while U.K. equity markets have "been under a cloud of negative press for some time," there could be brighter times ahead for London. "We are seeing more businesses beginning to look seriously at London listings again after several years of reform and broader uncertainty over the regulatory and policy direction of the US," he said in an email. U.K. Prime Minister Keir Starmer has touted his government's plans to revitalize Britain's capital markets, pledging to look into regulation that is "needlessly holding back investment." Last summer, the U.K.'s Financial Conduct Authority overhauled listing rules in a bid to simplify the process of floating shares on the U.K. market. "If London can convert early-stage interest in UK listings into successful IPOs, it will go some way to reversing some of the doom narrative," Mergermarket's Kerr told CNBC. Janet Mui, head of market analysis at wealth manager RBC Brewin Dolphin, pointed out that exits via IPOs were slowing globally. "It's easy to be bearish when we have news like this," she said in an email on Friday. "The reality is more nuanced, including macro uncertainty and tighter financial conditions have slowed listing globally." Last week, the Financial Times reported that Norwegian software giant Visma had chosen London for its upcoming debut on the public market. Mui argued that this news showed there was still appetite for high growth companies to list in London. "That said, more work is needed to deliver reforms to streamline listing and make London more attractive to businesses," she conceded.
Mint
05-06-2025
- Business
- Mint
Coal India plans 19 new first mile connectivity projects in FY26
New Delhi: State-run Coal India Ltd (CIL) plans to set up 19 new first-mile connectivity projects (FMC) in FY26, targeting a 19% increase in coal loading through these projects. FMC is an automated coal evacuation process which ensures eco-friendly coal transportation from pithead, in piped conveyor belts, to loading points. Under FMC, coal producers adopt alternative transport methods—such as mechanized conveyor systems and computerized loading on to railway rakes—to replace road transport. Also read: India must invest big to hit 2070 net-zero goal, says Moody's In a statement on Thursday, the company reported a 34% increase in environment-friendly coal loading through FMC to 102.5 million tonnes in FY25. This was carried out through 20 FMC projects linked with the Indian Railways' network. The increased loading through FMC saw a 5% drop in truck journeys needed to transport coal – known as underloading – in FY25 compared to FY24, it said. CIL has plans to commission 92 FMC projects of 994 million-tonnes-per-annum capacity in a phased manner by FY 2029-end. With the company aiming at 1 billion tonnes of coal production by FY 2029, the capacity is being built up to enable the transport of almost the entire quantity in an environment-friendly manner. Also read: IPO Watch: Coal India arms BCCL files draft papers with SEBI for IPO Key features of FMC involve constructing mechanized coal handling plants equipped with coal crushers, and rapid loading systems where a precise quantity of quality coal is loaded onto wagons. FMC replaces truck-based transportation to railway sidings and avoids manual loading. This process is used to reduce dust, noise and vehicular emissions, minimize road congestion and improve safety. In August 2023, the coal ministry announced that a total of 67 FMC projects across state-run coal companies with 885 million tonnes of capacity were being taken up in three phases to achieve capacity of around 1 billion tonnes of mechanized handling of coal. Also read: Adani Group's tax contributions rise 29% in FY25 to ₹74,945 crore — check key company-wise breakdown The coal ministry has set a target of 1.15 billion tonnes of coal production in FY25 and 1.5 billion tonnes in FY30 to boost India's energy security. Developing an eco-friendly, cost-effective coal transportation system is crucial for reducing India's reliance on imported coal and promoting domestic coal usage.
