New Delhi, July 29 -- National Securities Depository Ltd (NSDL) is set to launch its initial public offering (IPO) on July 30, aiming to raise Rs.4,011.60 crore from the primary market. NSDL IPO is entirely an offer for sale (OFS) of 5.01 crore equity shares, sold at an IPO price band of Rs.760 to Rs.800 per share.

NSDL IPO will close on August 1, and the equity shares are proposed to be listed on the BSE, where they will compete with rival depository Central Depository Services (India) Ltd (CDSL).

As key players in India's capital market infrastructure, NSDL and CDSL operate in the depository services segment, competing across metrics such as the number of depository participants (DPs), instruments processed, innovation, and customer r...