Sábado, 20 Enero, 2018

Depository firm CDSL's Rs 524 crore IPO fully subscribed on day 1

Minerva Studio Minerva Studio
Malita Javier | 19 Junio, 2017, 16:32

The IPO of Central Depository Services (India) involves its shareholders, including BSE, offloading over 3.5 crore shares through the OFS route.

He said that the money raised from "Offer for Sale" would be utilised for repaying debt, adding that the balance Rs 240 crore would be utilised for improving the network infrastructure. CDSL has fixed a price band of Rs 145 to Rs 149 per share for its initial public offering which opens on June 19 and closes on June 21.

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Open was well and truly up for grabs with 16 players within six shots of the lead, none of whom had a major victory to their name. If there's no wind and soft greens, we're going to play well. "It was kind of bombs away", he said. "You could hit it far".

The company expanded its reach in the states of Maharashtra, Rajashthan, AP, Telegana and Jharkhand.

The company is one of the two depositories in India which naturally makes it a sought-after upcoming IPO.

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In terms of the broader markets, the BSE mid-cap and small-cap indices underperformed the Sensex. Vinod Nair , Head of Research, Geojit Financial Services Ltd for your perusal.

Through this IPO, its existing promoter Bombay Stock Exchange (BSE) is selling 3.52 crore shares to public due to which its stake in CDSL will reduce to 24 per cent from 50.1 per cent now.

CDSL is the second largest depository in terms of market share and has been growing at decent CAGR of 23% and 14% in 3 to 5 years.

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China's Xinhua news agency reported police as saying that the incident took place near Finsbury Park Mosque in Seven Sisters Road. The Finsbury Park Mosque - located in a vibrant, multicultural area of north London - was once closely associated with extremism.

CDSL was established in 1997 by BSE, which holds a 50.05% equity stake in the depository unit. However, the scenario is changing gradually and this is a big positive for players like CDSL. Just like its revenues, CDSL has seen an uptick in profits as well. Out of the Rs 74.1 crore, it earned past year, CDSL paid a total of Rs 31.4 crore in the form of dividends.


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