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Country's second-largest depository CDSL's IPO fully subscribed on Day 1

The price band for the share sale has been fixed at Rs 145-149

Press Trust of India  |  New Delhi 

Country's second largest depository CDSL IPO fully subscribed on first day

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

The IPO, to raise Rs 524 crore, received bids for 2,51,65,900 against the total issue size of 2,48,27,046 shares, data available with the till 1430 hours shows.

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.

First Published: Mon, June 19 2017. 15:36 IST