Bookbuilding IPO | ₹524 Cr | Listed at NSE | Mon, Jun 19, 2017 - Wed, Jun 21, 2017
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 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹14,900 (100 shares) (based on upper price). 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.
Refer to CDSL IPO RHP for detailed Information.
IPO Open
Mon, Jun 19, 2017
IPO Close
Wed, Jun 21, 2017
Issue Price
₹149 per share
Market Cap (Pre-IPO)
₹1,557.05 Cr
| IPO Date | 19 to 21 Jun, 2017 |
| Listed on | Fri, Jun 30, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹145 to ₹149 |
| Issue Price | ₹149 per share |
| Lot Size | 100 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE |
| Total Issue Size | 3,51,67,208 shares (agg. up to ₹524 Cr) |
| Offer for Sale | 3,51,67,208 shares of ₹10 (agg. up to ₹524 Cr) |
| Share Holding Pre Issue | 10,45,00,000 shares |
| Share Holding Post Issue | 10,45,00,000 shares |
| NSE Symbol | CDSL |
| ISIN | INE736A01011 |
CDSL IPO comprises a total issue size of 3,51,67,208 shares. The net offer to the public is 3,44,67,208 shares, after excluding 7,00,000 shares under a preferential allotment. Of the Net offer 1,72,33,604 (50.00%) are allocated to QIB, 51,70,081 (15.00%) allocated to NII 1,20,63,523 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,72,33,604 | 50.00% | 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 | 15.00% | 14.70% | NA |
| Retail Shares Offered | 1,20,63,523 | 35.00% | 34.30% | 1,20,635 |
| Preferential Reservations | ||||
| Employee Shares Offered | 7,00,000 | 1.99% | NA | |
| Total Shares Offered | 3,51,67,208 | 100.00% | 100.00% | |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| 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 |
CDSL IPO raises ₹154.07 crore from anchor investors. CDSL IPO Anchor bid date is June 16, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 16, 2017 |
| Shares Offered | 1,03,40,162 |
| Anchor Portion (₹ Cr.) | 154.07 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 29, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 27, 2017 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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. |
The CDSL IPO is subscribed 170.16 times on June 21, 2017 5:00:00 PM (Day 3). The public issue subscribed 23.83 times in the retail category, 148.71 times in the QIB category, and 563.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 148.71 | 68,93,442 | 1,02,51,55,600 |
| NII | 563.03 | 51,70,081 | 2,91,08,88,600 |
| Retail | 23.83 | 1,20,63,523 | 28,74,53,200 |
| Employee | 1.46 | 7,00,000 | 10,19,800 |
| Total | 170.16 | 2,48,27,046 | 4,22,45,17,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Managers including underwriting commission, brokerage and selling commission, as applicable | 12.05 |
| 2 | Advertising and marketing expenses | 6.26 |
| 3 | Fees payable to the Registrar to the Offer | 0.01 |
| 4 | Brokerage and selling commission payable to Syndicate Members and SCSBs, Registered Brokers, RTAs and CDPs | 3.77 |
| 5 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 1.81 |
| 6 | Others (listing fees, legal fees, SEBI and NSE processing fees, etc.) | 11.30 |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹149.00 |
| Open | ₹250.00 |
| Low | ₹250.00 |
| High | ₹269.95 |
| Last Trade | ₹261.60 |
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 ₹524 Crores. The issue is priced at ₹149 per share. The minimum order quantity is 100.
The IPO opens on Mon, Jun 19, 2017, and closes on Wed, Jun 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 Mon, Jun 19, 2017 and closes on Wed, Jun 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 Thu, Jun 29, 2017. Check the CDSL IPO allotment status.
The CDSL IPO listing date is on Fri, Jun 30, 2017.
