Central Depository Services set for stock market debut on Friday

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CDSL or Central Depository Services (India) Ltd will make stock market debut on Friday after successfully concluding its initial public offer (IPO) a week ago. The IPO of BSE’s depository arm got an overwhelming reaction from investors as it was oversubscribed an amazing 170.16 times amid June 19-21.The qualified institutional purchasers (QIBs) portion was oversubscribed 148.71 times, while the non-institutional investors’ section was subscribed 563.03 times and retail investors 23.83 times.

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The value band for the share sale was fixed at Rs. 145-149.

The IPO size was of 3.51 crore shares, including anchor portion of more than 1 crore shares.

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

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