CDSL IPO oversubscribed nearly 3 times on 2nd day of bid
DSIJ Intelligence / 20 Jun 2017
On the second day of the bidding process of Central Depository Services Ltd’s (CDSL) IPO was oversubscribed nearly 3 times i.e. 2.95 times on June 20, 2017 in the first half of the day.
On the second day of the bidding process of Central Depository Services Ltd’s (CDSL) IPO was oversubscribed nearly 3 times i.e. 2.95 times on June 20, 2017 in the first half of the day.
On June 19, 2017, the first day of bid, CDSL IPO was oversubscribed two times, as per the data provided by the stock exchanges. The price band of CDSL shares was Rs 145-149 per share. The bid is open till June 21, 2017.
CDSL's promoter and BSE, a leading stock exchange has plans to sell 3.51 crore shares from the offer which will close on June 21.
As per the NSE data released on last Monday till 17:00 hours, the CDSL IPO received bids for 5,19,72,200 shares against the total issue size of 2,48,27,046 shares.
The category reserved for institutional investors was subscribed 97 per cent while the category reserved for non-institutional investors and retail investors was 61 per cent and 3.48 per cent respectively.
Through the initial public offer, BSE will sell 26.04 per cent while State Bank of India, Bank of Baroda and Calcutta Stock Exchange will sell 4.57 per cent, 2.08 per cent and 0.96 per cent, respectively.
On June 16, 2017, CDSL has raised about Rs 154.07 crore from 15 anchor investors.
Haitong Securities India Pvt Ltd, IDBI Capital Markets and Securities Ltd and YES Securities (India) Ltd are the book running lead managers of the offer.
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