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CDSL IPO fully subscribed on Day 1

The IPO of Central Depository Services (India) Ltd (CDSL) was oversubscribed 1.01 times on the first day of issue today.

business Updated: Jun 19, 2017 16:28 IST
Sensex hit a record high on Monday and CDSL IPO was fully subscribed on the first day.
Sensex hit a record high on Monday and CDSL IPO was fully subscribed on the first day.(PTI)

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

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 June 21, 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.