IPO Alert: Retailers Sentiment Boost CDSL Oversubscription

The total issue size of the CDSL IPO stands at 2,48,27,046 shares. As per the data available with the National Stock Exchange as of 1130 hours, the total bids received stood at 8,09,46,700 shares and the total bids received at cut-off price stood 5,60,06,500 shares on its second day of subscription. The subscription data shows that the IPO has got subscribed by 326%.

The much-awaited Central Depository Services Limited (CDSL) initial public offering (IPO) issue opened on Monday. 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.

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