once again The excitement in the IPO market is going to increase. Many companies have received approval from the capital market regulator to launch IPOs. Due to this, subscriptions for many IPOs will open in the coming days. Let us tell you that leading depository National Securities Depository Limited (NSDL) has received approval from market regulator SEBI to launch an initial public offering (IPO). The company gave this information to the stock market on Tuesday. Apart from NSDL, Standard Glass Lining Technology and Zinca Logistics Solutions have also received Securities and Exchange Board of India (SEBI) approval to raise funds through IPO.
These banks will sell their shares in NSDL
According to the IPO documents filed with SEBI, the proposed IPO of NSDL is based on an offer for sale (OFS) of over 5.72 crore shares by shareholders including NSE, State Bank of India (SBI) and HDFC Bank. For this the company got SEBI approval on 30 September. Under the offer for sale, IDBI Bank will sell 2.22 crore shares, NSE 1.80 crore shares, Union Bank of India 56.25 lakh shares and State Bank of India and HDFC Bank 40 lakh shares each.
These two companies will raise so many crores
Standard Glass Lining Technology and Jinka Logistics Solutions received approval for IPO from SEBI on October 1 and 3 respectively. Both the companies had filed documents for IPO with SEBI in July 2024. Hyderabad-based Standard Glass Lining Technology will issue new shares worth up to Rs 250 crore in its Rs 600 crore IPO. This also includes an offer for sale of 1.84 crore shares. A total of Rs 350 crore will be raised from this. The IPO of Bengaluru-based Jinka Logistics Solutions is a combination of an offer of fresh shares worth Rs 550 crore and an offer for sale of 2.16 crore shares by promoters and investor shareholders.
