CDSL IPO subscribed 169.45 times
The initial public offering (IPO) of Central Depository Services (India) Ltd (CDSL) on Wednesday witnesses a subscription frenzy from public market investors, leading to the IPO being subscribed 169.45 times, according to data from stock exchanges.
As of 6 pm, the portion of shares reserved for institutional investors was subscribed 148.71 times, while the portions reserved for high net-worth individuals and retail investors were subscribed 563 times and 22.38 times, respectively.
Wednesday was the last day of the CDSL offering. CDSL had priced its shares in a band of ₹145149 per share.
The IPO, a pure offer for sale, saw the company’s existing shareholders—stock exchange BSE India Ltd, State Bank of India Ltd (SBI), Bank of Baroda Ltd and The Calcutta Stock Exchange— sell around 35.16 million shares.
At the upper end of the price band, the share sale will fetch these shareholders a total of ₹524 crore. The company is not raising any capital to invest in its business activities.
BSE, which is selling 27.2 million shares in the IPO, will receive ₹405.5 crore (at the upper end of the price band), while other sellers such as SBI, Bank of Baroda and The Calcutta Stock Exchange will make ₹71.1 crore, ₹32.3 crore and ₹14.9 crore, respectively.
Collectively, these selling shareholders own a 65.65% stake in CDSL. BSE, which owns a 50.05% stake in the firm, will see its stake fall to 24% after the offering. SBI’s stake will drop to 5%.
CDSL serves customers such as depository participants, companies, capital market intermediaries and insurance companies.
Also on Wednesday, the initial share sale of cable TV and broadband services provider GTPL Hathway Ltd saw a subscription of 27%, on the first of the public offering. As of 5 pm, the portion of shares reserved for institutional investors was subscribed 69%, while the portions reserved for high net-worth individuals and retail investors were subscribed 0% and 15%, respectively.
The company has set a price band of ₹167-170 per share for the initial share sale. The offer closes on June 23. Most banks allow multiple ways to link the account, over net banking, mobile banking, ATM, SMS or even by visiting a bank branch.
If you are using internet banking, you will find the Aadhaar seeding link in the accounts or services section of the banking website. You have to select the account number to be linked, enter