Description
Lock-in details for 20 crore equity shares of NSDL with varying lock-in periods for different investor categories.
Summary
National Securities Depository Limited has provided lock-in details for its 20 crore equity shares following listing. The shares have different lock-in periods based on investor categories, with promoter shares locked until February 2026 and anchor investor shares having 30-90 day lock-ins.
Key Points
- Total equity shares: 20,00,00,000 (20 crore)
- Promoter shares (14.92 crore) locked until February 4, 2026
- AIF Category II shares (6.36 lakh) not under lock-in as per SEBI regulations
- Anchor investor shares split into 30-day and 90-day lock-in periods
- All shares are in demat form
Lock-in Categories
Promoter Lock-in (Feb 4, 2026):
- 14,92,18,639 equity shares locked until February 4, 2026
No Lock-in:
- 6,36,360 shares held by AIF Category II (exempt under SEBI regulations)
- 3,51,27,002 shares available for public trading
Anchor Investor Lock-in:
- 75,08,995 shares locked for 30 days (until September 2, 2025)
- 75,09,004 shares locked for 90 days (until November 1, 2025)
Important Dates
- August 4, 2025: Trading commencement for non-locked shares
- September 2, 2025: Release of 30-day anchor investor lock-in
- November 1, 2025: Release of 90-day anchor investor lock-in
- February 4, 2026: Release of promoter lock-in
Compliance Requirements
- Lock-in compliance as per SEBI ICDR Regulations 2018
- Special exemption for AIF Category II investors under Regulation 17(c)
- Company Secretary certification for lock-in details
Impact Assessment
The lock-in structure provides gradual liquidity increase over time. Immediate trading liquidity of approximately 3.51 crore shares (17.6% of total) with additional tranches releasing over the next 18 months. The large promoter lock-in until February 2026 ensures stability in ownership structure during the initial trading period.
Impact Justification
Standard IPO listing with lock-in details affecting trading liquidity for NSDL shares