NSDL IPO, Feb. 26 -- India's largest depository, National Securities Depository Limited (NSDL), is set to launch its initial public offering (IPO) in March. The Rs.3,000 crore public issue is entirely an offer for sale (OFS) of up to 5.73 crore shares.

Four banking stocks-IDBI Bank, Union Bank of India, State Bank of India, and HDFC Bank-are expected to be in focus ahead of the IPO. These stocks may attract investors' attention as they are the selling shareholders of the issue.

NSDL IPO is entirely an OFS, which means the net proceeds will not go into the company's balance sheet but into the coffers of institutions offloading their shareholding in NSDL.

IDBI Bank, Union Bank of India, SBI, and HDFC Bank are selling their stakes through...