The initial public offer of the Central Depository Services (India) Ltd (CDSL) saw huge investor demand with the issue being oversubscribed 170.11 times as per data available with the exchange.

The IPO is getting more than Rs 62,929 crore worth of bids against issue size of Rs 369.9 crore. It has received bids for more than 422 crore equity shares against issue size of 2.48 crore shares.

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.

CDSL's promoter and leading stock exchange BSE plans to sell 3.51 crore shares, including over 1 crore anchor investor 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.