Central Depository Services Ltd (CDSL) IPO issue will be open for bidding from March 15 and close on 17 March. CDSL offering of up to 3.52 crore shares priced between Rs 115 – Rs 135 per share. The shareholders will sell a total of 33.65% stake in CDSL, as per the draft prospectus.
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.
P S Reddy, (Managing Director & CEO)
Cyrus Khambata (Executive Director)
Shri T. S. Krishna Murthy (Chairman)
Promoter BSE which holds 50.05 per cent in CDSL will hold 24 per cent in the company post the offer. SBI which holds 9.57 per cent now will hold 5 per cent after the IPO while Bank of Baroda’s holding will come down to 2.99 per cent from 5.07 per cent currently. Calcutta Stock Exchange’s which holds 0.96 per cent will cease to be a shareholder after the IPO.
The net offer would constitute 32.98 per cent of CDSL’s post offer paid up equity share capital.
Axis Capital, Edelweiss Financial Services, Nomura, SBI Capital Markets, Haitong Securities, IDBI Capital Markets, and YES Securities are the book running lead managers to the issue. Founded in 1998, CDSL is a securities depository which facilitates holding of securities in an electronic form and enables securities
transactions to be processed by book entry.
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:
Offer For Sale: 35,167,208 shares
Issue Open: The issue opens on March 15, 2017 and closes on March 17, 2017
Issue Type: Book Built Issue IPO
Price Band: Rs. 115 – Rs. 135 Per Equity Share
Lot Size: . equity shares and in multiple thereafter
Mode of Payment: ASBA is mandatory (cheques will not be accepted)
Bankers: Axis Capital, Edelweiss Financial ServicesBSE 1.85 %, Nomura, SBI Capital Markets, Haitong Securities, IDBI Capital Markets, and YES Securities are the book
running lead managers to the issue.
Download: Central Depository Services Limited (CDSL) prospectus ipo drhp