*_NSDL’s $400 Million IPO: India’s Core Market Infrastructure Firm Heads for Listing_* _NSDL, India’s largest depository, is heading for a landmark ₹3,300 crore IPO in FY2025. With no fresh issue and a full OFS by marquee shareholders like IDBI, NSE, and SBI, the listing offers investors a rare opportunity to own a slice of India’s financial infrastructure. Backed by stable earnings, monopoly-like status, and rising retail participation, NSDL’s IPO could be a core portfolio bet for long-term investors._