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CDSL IPO is a book build issue of ₹523.99 crores. The issue is entirely an offer for sale of 3.52 crore shares of ₹523.99 crore.
CDSL IPO bidding started from Jun 19, 2017 and ended on Jun 21, 2017. The allotment for CDSL IPO was finalized on Jun 29, 2017. The shares got listed on NSE on Jun 30, 2017.
CDSL IPO price band is set at ₹149.00 per share . The lot size for an application is 100. The minimum amount of investment required by an retail is ₹14,500 (100 shares). The lot size investment for sNII is 14 lots (1,400 shares), amounting to ₹2,08,600, and for bNII, it is 68 lots (6,800 shares), amounting to ₹10,13,200.
The issue includes a reservation of up to 7,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
| IPO Date | June 19, 2017 to June 21, 2017 |
| Listing Date | June 30, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹145 to ₹149 per share |
| Issue Price Final | ₹149 per share |
| Lot Size | 100 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 3,51,67,208 shares (aggregating up to ₹523.99 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE |
| Share Holding Pre Issue | 10,45,00,000 shares |
| Share Holding Post Issue | 10,45,00,000 shares |
CDSL IPO offers total 3,51,67,208 shares. Out of which 1,72,33,604 (49.00%) allocated to QIB, 68,93,442 (19.60%) allocated to QIB, 51,70,081 (14.70%) allocated to NII, 1,20,63,523 (34.30%) allocated to RII and 1,03,40,162 (29.40%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,72,33,604 (49.00%) | NA |
| − Anchor Investor Shares Offered | 1,03,40,162 (29.40%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 68,93,442 (19.60%) | NA |
| NII (HNI) Shares Offered | 51,70,081 (14.70%) | NA |
| Retail Shares Offered | 1,20,63,523 (34.30%) | 1,20,635 |
| Employee Shares Offered | 7,00,000 (1.99%) | NA |
| Total Shares Offered | 3,51,67,208 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
CDSL IPO opens on June 19, 2017, and closes on June 21, 2017.
| IPO Open Date | Mon, Jun 19, 2017 |
| IPO Close Date | Wed, Jun 21, 2017 |
| Tentative Allotment | Thu, Jun 29, 2017 |
| Initiation of Refunds | Thu, Jun 29, 2017 |
| Credit of Shares to Demat | Thu, Jun 29, 2017 |
| Tentative Listing Date | Fri, Jun 30, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 21, 2017 |
Investors can bid for a minimum of 100 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,900 |
| Retail (Max) | 13 | 1,300 | ₹1,93,700 |
| S-HNI (Min) | 14 | 1,400 | ₹2,08,600 |
| S-HNI (Max) | 67 | 6,700 | ₹9,98,300 |
| B-HNI (Min) | 68 | 6,800 | ₹10,13,200 |
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.
CDSL also offers facilities to issuers to credit securities to a shareholder's or applicant's demat accounts; KYC services in respect of investors in capital markets to capital market intermediaries; and facilities to allow holding of insurance policies in electronic form to the holders of these insurance policies of various insurance companies.
In addition, they provides other online services, such as e-voting, e-locker, national academy depository, electronic access to security information, electronic access to security information and execution of secured transaction, drafting and preparation of wills for succession, and mobile application and transactions using secured texting. It serves investors through intermediaries, such as depository participants, issuer companies, registrar and transfer agents, beneficial owners, and clearing members.
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||||
| Total Assets | 6,072.44 | 5,529.90 | 5,114.53 | |||
| Total Revenue | 1,868.51 | 1,613.36 | 1,454.69 | |||
| Profit After Tax (PAT) | 865.85 | 911.25 | 574.91 | |||
The Company CDSL IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | The company will not receive any proceeds of the Offer and all the proceeds of the Offer will go to the Selling Shareholders in the proportion of the Equity Shares offered by them. |
[Dilip Davda] Investors may consider investment for short to long term in this first mover IPO from the depository segment which is happening for the first time in the world in advanced/emerging markets of such a magnitude. (Subscribe) Read detail review...
| Listing Date | June 30, 2017 |
| BSE Script Code | |
| NSE Symbol | CDSL |
| ISIN | INE736A01011 |
| Final Issue Price | ₹149 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹149.00 |
| Open | ₹250.00 |
| Low | ₹250.00 |
| High | ₹269.95 |
| Last Trade | ₹261.60 |
Central Depository Services (India) Ltd.
17th floor,
P J Towers, Dalal Street,
Mumbai -
Mumbai, Maharashtra, 400001
Phone: +91 (22) 2272 3333
Email: cdsl.ipo@cdslindia.com
Website: http://www.cdslindia.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cdsl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Lead Manager Reports
CDSL IPO is a main-board IPO of 3,51,67,208 equity shares of the face value of ₹10 aggregating up to ₹523.99 Crores. The issue is priced at ₹149 per share. The minimum order quantity is 100.
The IPO opens on June 19, 2017, and closes on June 21, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE.
Zerodha customers can apply online in CDSL IPO using UPI as a payment gateway. Zerodha customers can apply in CDSL IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CDSL IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CDSL IPO opens on June 19, 2017 and closes on June 21, 2017.
CDSL IPO lot size is 100, and the minimum amount required for application is ₹14,900.
You can apply in CDSL IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for CDSL IPO will be done on Thursday, June 29, 2017, and the allotted shares will be credited to your demat account by Thursday, June 29, 2017. Check the CDSL IPO allotment status.
The CDSL IPO listing date is on Friday, June 30, 2017.
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