Central Depository Services (India) Ltd (CDSL) IPO price band set at Rs 145-149 per share and IPO will open on 19 June 2017 and close on 21 June 2017.

Securities depository firm Central Depository Services (India) Ltd (CDSL) raises Rs 154 crore from anchor investors ahead of its IPO: CDSL said it has allotted a total of 10.3 million shares to 15 anchor investors at Rs 149 per share; it has priced its shares in a price band of Rs 145-149 per share for the IPO.

The anchor book is that portion of an IPO that bankers can allot to institutional investors on a discretionary basis. Anchor book subscription opens a day before the launch of an IPO and acts as an indicator of institutional investor interest.

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.

About Company: Central Depository Services Limited (CDSL), is the second Indian central securities depository based in Mumbai. Its main function is the holding securities either in certificated or uncertificated (dematerialized) form, to enable book entry transfer of securities. It has about 1.6 crore investor accounts.

Incorporated in 1999, Central Depository Services (India) Limited (CDSL), a subsidiary of BSE Limited operates as a securities depository in India. They offers various services, such as account opening, dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details and SMS services for depository participants.

Promoters / shareholders: CDSL is promoted by Bombay Stock Exchange Limited (BSE), jointly with State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, Standard Chartered Bank, Axis Bank and Union Bank of India.

Key people
P S Reddy, (Managing Director & CEO)
Cyrus Khambata (Executive Director)
Shri T. S. Krishna Murthy (Chairman)

Financials: On a consolidated restated basis, CDSL’s total revenue grew at a Compounded Annual Growth Rate of 6.54 per cent from Rs 122.8 crore in fiscal 2014 to Rs 139.4 crore in fiscal 2016. The depository’s net profit after tax grew at a CAGR of 22.57 per cent from Rs 49.3 crore in fiscal 2014 to Rs 74.1 crore in fiscal 2016.

Central Depository Services Limited (CDSL) IPO Issue Detail:

  • Issue Open: The issue opens on Jun 19, 2017 and closes on Jun 21, 2017
  • Issue Type: Book Built Issue IPO
  • Price Band: Rs. 145 – Rs. 149 Per Equity Share
  • Face Value: Rs 10 Per Equity Share
  • Lot Size: 100 equity shares and in multiple thereafter
  • Issue Size: 35,167,208 Equity Shares of Rs 10 aggregating up to Rs 523.99 Cr
  • Mode of Payment: ASBA is mandatory (cheques will not be accepted)
  • Listing On: BSE, NSE

Tentative timetable

  1. 19th June – Offer Opens
  2. 21st June – Offer Closes
  3. 29th June – Finalisation of Basis of Allotment
  4. 29th June – Initiation of refunds
  5. 29th June – Credit to Demat Accounts
  6. 30th June – Listing on NSE & BSE

Company Contact Information
Central Depository Services (India) Limited
Regd. Office: 17th floor, P J Towers, Dalal Street, Mumbai – 40000
Phone: +91 (22) 2272 3333
Fax: +91 (22) 2272 2072
Email: cdsl.ipo@cdslindia.com
Website: http://www.cdslindia.com

Registrar to the IPO
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: tnl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in