The Securities and Exchange Board of India has extended the listing deadline for the National Securities Depository Limited (NSDL) to August 14, 2025.
In a disclosure, NSDL said that the SEBI has granted an extension to the company for in-principle approval for the listing of its equity shares on the stock exchange till August 14. Earlier, SEBI had fixed July 31 as the deadline for NSDL’s listing.
According to the latest addendum filed to SEBI by NSDL, its IPO size has been reduced to Rs 3,000-3,400 crore. NSDL’s unlisted shares are trading at Rs 1025 in the grey market. The unlisted shares of the company have fallen significantly from a 52-week high, falling about 18 to 20 per cent.
The fall in NSDL’s unlisted shares can be attributed to the low issue price of HDB Financial Services at its IPO. There is apprehension that investors may face a notional loss when the issue price is finally announced.
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