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CDSL IPO subscribed 84 times

LiveMint logoLiveMint 21-06-2017 PTI

New Delhi: The initial public offer of the Central Depository Services (India) Ltd (CDSL) saw huge investor demand with the issue being subscribed 84.29 times by late afternoon trade on the last day of bidding on Wednesday.

The IPO, to raise Rs524 crore, received bids for over 209 crore shares against the total issue size of 2.48 crore shares, data available with the NSE till 2.45pm showed.

CDSL on Friday raised Rs154.07 crore from 15 anchor investors. The price band for the share sale has been fixed at Rs145-149. CDSL’s promoter and leading stock exchange BSE plans to sell 3.51 crore shares, including over 1 crore anchor investor shares.

The book running lead managers to the offer are Haitong Securities India Pvt. Ltd, IDBI Capital Markets and Securities Ltd and YES Securities (India) Ltd. CDSL is the second largest depository in the country.

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