Sebi Approves NSDL IPO; NSE, SBI, HDFC Bank to Divest Stakes, BlackBuck to Raise Rs 550 Crore

The Indian IPO market is experiencing significant activity, highlighted by the recent approval from the Securities and Exchange Board of India (Sebi) for the National Securities Depository Limited (NSDL) to proceed with its IPO. This marks a crucial step more than a year after the filing of its draft red herring prospectus (DRHP). Key investors, including the National Stock Exchange (NSE), State Bank of India (SBI), and HDFC Bank, are expected to divest their stakes in the offering. The Indian market is also seeing a surge in private equity investments, with inflows into the real estate sector growing by 9% sequentially to reach $2.2 billion in the third quarter of 2024, more than double the volume from the same period last year. Additionally, the ed-tech company PhysicsWallah is preparing for a substantial IPO, estimated between $400 million and $500 million, slated for 2025. Other companies, such as BlackBuck, have also received Sebi clearance for their IPOs, aiming to raise Rs 550 crore in fresh capital.