NSDL's Rs 3,400-crore IPO likely in July: Report National Securities Depository Ltd. is pressing ahead with its plan for an initial public offering that is expected to raise about $400 million (Rs 3,421.6 crore), according to people familiar with the matter. The proposed listing of India’s oldest depository, which was initially cleared by the market regulator in October last year, is now slated to take place as soon as July, according to the people, who asked not to be named as the information is private. The listing of NSDL, the country’s largest depositary in terms of assets under custody, is being managed by ICICI Securities Ltd., Axis Capital Ltd., HSBC Holdings Plc and IDBI Capital, and will comprise of 50.1 million shares, based on previous stock-exchange statements from the company.