NSDL IPO : Leading depository National Securities Depository Limited (NSDL) has received approval from market regulator SEBI to bring an initial public offering (IPO). The company gave this information to the stock market on Tuesday. Apart from NSDL, Standard Glass Lining Technology and Jinka Logistics Solutions have also received approval from the Securities and Exchange Board of India (SEBI) to raise funds through IPO.

IDBI Bank will sell 2.22 crore shares

According to IPO documents filed with SEBI, NSDL's proposed IPO is based on an offer for sale (OFS) of over 5.72 crore shares by shareholders including NSE, State Bank of India (SBI), and HDFC Bank. The company received SEBI's approval for this on September 30. Under the offer for sale, IDBI Bank will sell 2.22 crore shares, NSE 1.80 crore shares, Union Bank of India 56.25 lakh shares, and State Bank of India and HDFC Bank will sell 40 lakh shares each.

Standard Glass Lining Technology

Standard Glass Lining Technology and Jinka Logistics Solutions received SEBI approval for their IPOs on October 1 and 3 respectively. Both the companies had filed documents for IPO with SEBI in July 2024. Hyderabad-based Standard Glass Lining Technology's Rs 600 crore IPO will see the issuance of new shares worth up to Rs 250 crore. This also includes an offer for the sale of 1.84 crore shares. This will raise a total of Rs 350 crore. Bengaluru-based Jinka Logistics Solutions' IPO is a combination of an offer of new shares worth Rs 550 crore and an offer for sale of 2.16 crore shares by promoters and investor shareholders.