New Delhi, Feb. 20 -- Depository firm NSDL is targeting to launch its much awaited Rs.3,000-crore initial public offering (IPO) by next month, a senior official said on Thursday.

As a market infrastructure institution (MII), National Securities Depository Ltd (NSDL) also needs other approvals apart from the draft red herring prospectus, the official said, adding that it is this approval which has a looming deadline.

"Our dates are expiring next month. We are rushing against time to get things done fast. We will try (to launch the IPO before that)," the official said, replying to a specific query on the timeline for the IPO.

The 12-month deadline for the DRHP expires in September, but it is the MII approval given by Sebi which is prompt...