Central Depository Services set for stock market debut on Friday


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.