Central Depository Services (CDSL) IPO becomes most subscribed in 10 years

Central Depository Services (India) Ltd. has earned the distinction of becoming the most subscribed IPO of the decade was the most subscribed in over a decade. The IPO was subscribed more than 170 times the number of shares offered with the offer getting overwhelming response from across all the categories of investors: QIB, HNI and Retail alike

The book running lead managers to the offer include 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. Retail individual investors, who are eligible for up to Rs 2 lakh worth of shares, applied for 23.83 times the shares on offer

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.