CDSL makes stellar debut; ends 75% higher against issue price

At 10:01 am; the stock was trading at Rs 266, a 79% higher against its IPO price of Rs 149 per share

Central Depository Services (India) Limited (CDSL) made a strong debut by listing at Rs 250, a 68% premium against its initial public offer (IPO) price of Rs 149 on the National Stock Exchange (NSE). CDSL is the first depository to be listed on the country’s stock exchanges.

The stock ended at Rs 260.70, up 4.3% against its listing price, and nearly 75% against its issue price. 

The Rs 525-crore IPO of CDSL saw a whopping 170 times more demand than shares on offer. The issue generated demand worth nearly Rs 63,000 crore. The issue was one of the