The much-awaited ₹4,011 crore initial public offering (IPO) of India’s oldest depository, the National Securities Depository (NSDL) opens for subscription today. Priced between ₹760 and ₹800 per share, the entire issue is an offer for sale (OFS), meaning that the company itself will not receive any proceeds. Instead, existing shareholders, including IDBI Bank, NSE, HDFC Bank, and SBI, who are collectively offloading 5.01 crore shares, will mint the proceeds.