Depository firm CDSL's Rs 524 crore IPO fully subscribed on day 1

CDSL on Friday raised Rs 154.07 crore from 15 anchor investors

PTI June 19, 2017 15:10:25 IST
Depository firm CDSL's Rs 524 crore IPO fully subscribed on day 1

New Delhi: The initial public offering (IPO) of Central Depository Services (India) Ltd (CDSL) was oversubscribed 1.01 times on the first day of issue today.

Depository firm CDSLs Rs 524 crore IPO fully subscribed on day 1

Reuters

The IPO, to raise Rs 524 crore, received bids for 2,51,65,900 shares against the total issue size of 2,48,27,046 shares, data available with the NSE till 1430 hours showed.

CDSL on Friday raised Rs 154.07 crore from 15 anchor investors.

The price band for the share sale has been fixed at Rs 145-149.

Through the offer, which closes on 21 June, CDSL's promoter and leading stock exchange BSE plans to sell 3.51 crore shares.

The book running lead managers to the offer are Haitong Securities India Pvt Ltd, IDBI Capital Markets and Securities Ltd and YES Securities (India) Ltd.

CDSL is the second largest depository in the country.

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