Central Depository Services (India) Ltd (CDSL) will make stock market debut tomorrow after successfully concluding its initial public offer 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, non institutional investors 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.