CDSL lists at a premium of nearly 68 per cent
DSIJ Intelligence / 30 Jun 2017
CDSL opened at Rs 250 per share on its debut day on NSE suggesting a premium of 67.7 per cent to its issue price.
Much awaited listing of CDSL has cheered the investors as the listing happened at an impressive premium of 67 per cent to its issue price. CDSL opened at Rs 250 per share on its debut day on NSE suggesting a premium of 67.7 per cent to its issue price. The issue price was Rs 149 per share.
The stock made an intraday high of RS 268 per share in the opening hour of the session.
CDSL is the first depository to get listed on bourses in India.
CDSL was oversubscribed by 170.16 times and thus is one of the most oversubscribed IPO issue of 2017 in the Indian capital markets.
The objectives of the IPO are the achieve the benefits of listing of equity shares on NSE and to enhance its visibility and brand image and provide liquidity to its existing shareholders.
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