NSDL IPO: The three-day subscription of initial public offering (IPO) for National Securities Depository Ltd (NSDL) will open this week. According to the NSE, the NSDL IPO will open for public subscription on July 30 and conclude on August 1. It plans to raise Rs 4,011 crore through its Initial Public Offering (IPO).According to PTI, the NSDL IPO only consists of Offer For Sale (OFS) component of 5.01 crore shares and those selling shares under this are — the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and the Adminstrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO.NSDL IPO Anchor InvestorsThe one-day bidding for anchor investors is schedule to open on July 29.NSDL IPO Price BandNSDL has a price band of Rs 760 to Rs 800 per equity share.NSDL IPO RegistrarMUFG Intime India Private Limited is the registrar for the NSDL IPO.NSDL IPO Face Value, Tick SizeThe face value of NSDL IPO is Rs 2 per equity share and the tick size is Re 1.NSDL IPO Allotment DateAccording to the details available, the NSDL IPO is slated to be finalised on August 4.Story continues below this adNSDL IPO Listing DateNSDL shares are proposed to be listed on NSE and BSE. The listing will likely take place on August 6. This upcoming listing will make NSDL the country’s second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017. NSDL’s principal shareholders, IDBI Bank and the NSE, are required to reduce their stake in the company to comply with Sebi’s rule. Currently, IDBI holds 26.10 per cent and NSE owns 24 per cent stake in NSDL, which exceeds the permissible limit, reports PTI.NSDL IPO Book Running Lead ManagersICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, IDBI Capital Markets and Securities Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited and HDFC Bank Limited are the book running lead managers of NSDL IPO.NSDL IPO Sponsor BankAxis Bank Limited, HDFC Bank Limited, ICICI Bank Limited and Kotak Mahindra Bank Limited are the sponsor banks for the NSDL IPO.(With inputs from PTI)© IE Online Media Services Pvt Ltd