/ CDSL Raises Rs 154 Crore Via Anchor Investors Ahead Of Its IPO ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Saturday, 17 June 2017


Central Depository Services (India) Limited (CDSL), a securities depository firm on Friday has raised Rs 154 crore ahead of its initial public offer, by allotting share to anchor investors.

The company has allotted a total of 10.3 million shares to 15 anchor investors at Rs149 per share. CDSL has priced its shares in a price band of Rs 145-149 per share for the IPO.

Institutional investors who participated in the anchor book allocation included FIL Investments (Mauritius) Ltd, ICICI Prudential Dividend Yield Equity Fund, HDFC Standard Life Insurance Co. Ltd, IDFC Equity Fund, HSBC Indian Equity Mother Fund, Axis Mutual Fund, IIFL Special Opportunities Fund, Abu Dhabi Investment Authority, and Goldman Sachs India Limited.

The IPO is set to be listed on the National Stock Exchange and Bombay Stock Exchange. The company’s existing shareholder, BSE India limited, SBI, Bank of Baroda and the Calcutta Stock Exchange are going to sell around 35.6 million, and will receive Rs 405.5 crore, Rs 71.1 crore, Rs 32.3 crore and Rs 14.9 crore respectively.

CDSL serves various customers such as depository participants, companies, capital market intermediaries and insurance companies. It also offers KYC (know your customer) services in respect of investors in Indian capital markets to capital market intermediaries, including mutual funds. CDSL also offers other online services such as e-voting

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