Description
Lock-in details for 20 crore equity shares of NSDL with various lock-in periods ranging from no lock-in to 18 months.
Summary
National Securities Depository Limited has listed 20 crore equity shares with detailed lock-in arrangements. The shares have varying lock-in periods with 14.92 crore shares locked until February 2026, while some shares held by AIF Category II and IPO public portions are not under lock-in restrictions.
Key Points
- Total equity shares: 20,00,00,000 (20 crore)
- 14,92,18,639 shares locked-in until 04-Feb-2026 (18 months)
- 6,36,360 shares held by AIF Category II not under lock-in
- 1,50,18,999 shares allocated to anchor investors with 30-90 day lock-in periods
- 3,51,27,002 shares for IPO public with no lock-in restrictions
- All shares are in demat form
Regulatory Changes
No regulatory changes introduced. Standard lock-in provisions apply as per SEBI regulations.
Compliance Requirements
- AIF Category II funds exempt from lock-in as per Regulation 17(c) of SEBI ICDR Regulations 2018
- Anchor investor shares subject to standard 30-90 day lock-in periods
- Company must maintain accurate records of lock-in details
Important Dates
- Prospectus date: 01-Aug-2025
- Listing date: 05-Aug-2025
- Anchor investor 30-day lock-in expires: 02-Sep-2025
- Anchor investor 90-day lock-in expires: 01-Nov-2025
- Main lock-in period expires: 04-Feb-2026
Impact Assessment
The lock-in structure will limit immediate trading liquidity with 74.6% of shares locked for 18 months. However, 17.6% shares are immediately tradeable, providing some market liquidity. The staggered unlock dates will gradually increase available float over the next 18 months.
Impact Justification
Significant equity listing with detailed lock-in structure affecting trading liquidity