NSDL Set to Start Taking Investor Orders for India IPO Next Week

India’s National Securities Depository Ltd. plans to start taking investor orders as early as next week for its initial public offering, which could raise as much as $500 million, according to people familiar with the matter.

The sale will involve divestments by major investors, including IDBI Bank Ltd., the National Stock Exchange of India Ltd. and the State Bank of India, while NSDL will not receive any proceeds, according to earlier statements.

The expected proceeds exceed the approximately $400 million estimated by people familiar with the matter in June.

Deliberations are ongoing, and the size and timing of ...