CDSL IPO continued to get a huge response from the investors. The IPO issue had got oversubscribed on its first day of subscription. On its last day of subscription on Wednesday, the issue has got oversubscribed by 9.48x.The total issue size of the IPO stands at 2,48,27,046 shares. As per the data available with the National Stock Exchange as of 1100 hours on Wednesday, the total bids received stood at 23,53,95,600 shares and the total bids received at cut-off price stood 12,70,84,000 shares. The issue got oversubscribed by Institutional investors by 7.29 times, HNIs by 6.04 times and Retail investors by 13.39 times.
After the blockbuster entry of BSE in the capital markets, investors have braced themselves for the BSE promoted CDSL IPO. The IPO closes on June 21, 2017.
The IPO is going to follow book building issue, wherein price band is fixed at Rs 145 per share to Rs 149 per share. The minimum order quantity is one market lot which consists of 100 shares. The issue size stands at 35,167,208 equity shares with face value of Rs 10 per share aggregating up to Rs 523.99 crore and offer for sale of 35,167,208 equity shares with face value of Rs 10 per share.
The important objectives of the offer include to achieve the benefits of listing the equity share on the NSE and to enhance its visibility and brand image and provide liquidity to its existing shareholders.
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