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CDSL IPO oversubscribed 2 times on Day 1

Press Trust of India  |  New Delhi 

The initial public offering (IPO) of Central Depository Services (India) Ltd (CDSL) was oversubscribed 2 times on the first day of the three-day bidding process today.

The IPO, to raise Rs 524 crore, received bids for 5,19,72,200 against the total issue size of 2,48,27,046 shares, as per NSE's data till 1700 hours.

The category reserved for qualified institutional buyers (QIBs) was subscribed 97 per cent and non institutional investors, 61 per cent.

Retail investors portion was oversubscribed 3.48 times.

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 plans to sell 3.51 crore

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

is the second largest depository in the country.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 19 2017. 18:57 IST