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CDSL Set For Stock Market Debut On Friday
After the overwhelming response to issue price, Central Depository Services (CDSL) is all set to make its debut on exchanges on Friday, June 30.
CDSL or Central Depository Services (India) Ltd will make the stock market debut on Friday after successfully concluding its initial public offer (IPO) last week.
The IPO of BSE's depository arm received an overwhelming response from investors as it was oversubscribed a staggering 170.16 times during June 19-21.The qualified institutional buyers (QIBs) portion was oversubscribed 148.71 times, while the non-institutional investors' section was subscribed 563.03 times and retail investors 23.83 times.
The price band for the share sale was fixed at Rs. 145-149. The IPO size was of 3.51 crore shares, including anchor portion of over 1 crore shares.
The book running lead managers to the offer were Haitong Securities India Pvt Ltd, IDBI Capital Markets and Securities Ltd and YES Securities (India) Ltd.
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