New Delhi, July 29 -- National Securities Depository Ltd (NSDL), India's first depository and a vital pillar of capital market infrastructure, is set to launch its Rs.4,012-crore initial public offering on Wednesday. The offer-for-sale (OFS), priced between Rs.760 and Rs.800 per share, marks a critical milestone for the 28-year-old institution as it navigates shifting dynamics in the country's fast-evolving demat landscape.

Founded in 1996 and registered with the Securities and Exchange Board of India as a market infrastructure institution, NSDL provides core services such as demat account maintenance, transaction settlements, record-keeping, and corporate actions.

It also has two key subsidiaries. NSDL Payments Bank focuses on business...