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- Central Depository Services (India) Limited IPO (CDSL IPO) Detail
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- CDSL IPO Sees High Retail Interest: Should You Invest?
- CDSL IPO subscribed two times on Day 1 of issue
- CDSL IPO FAQ
Central Depository Services (India) Limited – IPO
Your opportunity to ride the digital depositary wave
Central Depository Services Limited (CDSL) is one of the two central securities depositories in India.
Based in Mumbai, it specialises in holding securities either in certificated or uncertificated (dematerialized) form, to enable book entry transfer of securities. CDSL has declared its IPO of Rs509.92 Cr to Rs523.99 Cr.
Ipo closing time cdsl
Details of the Central Depository Services Ltd
Issuer:Central Depository Services (India) Limited
Issue opening date: Monday, 19th June, 2017
Issue closing date: Wednesday, 21st June, 2017
Price band:Rs145 to Rs149
Lot size: 100 Equity Shares and in multiple thereafter
Issue size: Rs509.92 Cr – Rs523.99
Issue allocation: QIB - 50% NIB - 15% Retail - 35%
Mode of payment: ASBA Mandatory (No Cheque will be accepted)
GCBRL: Axis Capital Ltd, Edelweiss Capital Ltd, Nomura Financial Advisory and Securities (India) Pvt LtdSBI Capital Markets Ltd and Haitong Securities India Pvt Ltd
BRLM:Axis Capital Ltd, Citigroup Global Markets India Pvt Ltd, and Credit Suisse Securities (India) Pvt Ltd
Registrar:Link Intime India Pvt.
Listing: Proposed to be listed on NSE
Company competitive strengths
- Stable revenue base resulting from repeat business in multiple offerings in the Indian securities and financial services market
- High economies of scale leading to steady growth in profitability
- It is the leading securities depository with the highest share of incremental growth of BO accounts and second largest in terms of market share
- Provides convenient and dependable depository services at competitive prices for a wide range of securities
- State-of-the-art technology and robust infrastructure and IT systems
- Led by an experienced senior management team
About the company
Central Depository Services (India) Limited (CDSL) was incorporated at Mumbai on December 12, 1997.
The company was initially registered by way of a certificate of registration on August 19, 1998 by SEBI under the Depositories Regulations and subsequently obtained its certificate of commencement of business as a depository under Depositories Regulations on February 8, 1999.
CDSL commenced their depository business in 1999 with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants. The company was initially promoted by BSE, which subsequently divested a part of its stake to leading Indian banks. CDSL is connected with clearing corporations of all the leading Indian stock exchanges including the BSE, National Stock Exchange (NSE) and Metropolitan Stock Exchange of India.
CDSL has also entered into MoUs with depositories across the globe, including Depository Trust & Clearing Corporation, New York(DTCC) , Japan Securities Depository Center, Inc., Tokyo. (JASDEC) and Euroclear.
Objects of the issue
1. Get benefits of listing the equity share on NSE
2. Enhance its visibility and brand image and provide liquidity to its existing shareholders
How to apply
Please note that as per the new SEBI regulation all public offerings (IPOs) after January 1, 2016 need to be fulfilled through the ASBA (application supported block amount) route only.
These changes have altered the existing seamless online bidding process.
We are striving to make this process completely online for you again.
Central Depository Services (India) Limited IPO (CDSL IPO) Detail
We seek your kind support in the interim.
To participate in the present IPO you are requested to kindly follow the under mentioned process:
- Click here to check if your bank is part of the ASBA participating bankers to this IPO
- If yes, download the “Blank Application Form” from the below link Download Blank Application Form
- Click here to check the steps to be followed on the given website
- Click here to check / download a duly filled up sample application form
- Kindly sign and fill up the downloaded application form with the required details
- Submit the application form at your nearest Sharekhan outlet
What is an IPO or public issue?
An initial public offering (IPO)/public issue is when an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public. This paves the way for listing and trading of the issuer’s securities.
The shares are initially issued in the primary market at an offering price determined by the lead manager(s)/the merchant banker(s) to the IPO.
The primary market consists of a syndicate of investment banks and broker dealers that the lead managers assemble and that allocate shares to institutional, high net worth individuals (HNI) and individual/retail investors.
2. What is a price band?
As far as IPOs are concerned, a price band is a value-setting method whereby a seller indicates an upper and lower cost range, between which the buyers/investors are able to place their bids. The price band's floor and cap provide guidance to the buyers.
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Who decides the price band?
It is up to the company to decide on the IPO price or the price band, in consultation with the lead managers.
The basis of IPO price is disclosed in the offer document. The issuer is required to disclose in detail about the qualitative and quantitative factors justifying the IPO price.
4. How is the IPO price determined?
The IPO price is normally based on such factors as the company’s financials, products and services, income stream as well as the demand for the shares and current market conditions.
The lead managers must determine a fair offering price, which takes into consideration the need for the company to raise capital while offering the new issue at a price which represents a fair value of the shares.
What is a Red Herring Prospectus?
A Red Herring Prospectus (RHP) is a document submitted by a company (issuer) as part of a public offering or an IPO of securities (either stocks or bonds).
Who is a retail investor as far as IPO is concerned?
A retail individual investor means an investor who applies or bids for securities of or for a value of not more than Rs 2,00,000.
How to apply IPO CDSL
7. Can a retail investor also bid in a book-built IPO?
Yes. He can bid in a book-built IPO for a value not more than Rs 2,00,000. Any bid made in excess of this will be considered in the HNI category.
CDSL IPO oversubscribed 7.5 times on high retail interest
8. Can bids in a book-built IPO be changed/revised?
Yes. Investors can change or revise the quantity or price in the bid using the form for changing/revising the bid that is available along with the application form.
However, the entire process of changing or revising the bids shall be completed before the IPO closes.
9. How can investors know the number of shares allotted to them?
In case of fixed price issues, investors are intimated about the CAN/Refund order within 10 days of the closure of the IPO.
In case of book built IPOs, the basis of allotment is finalised by the book-running lead managers within two weeks from the closure of the issue.
The registrar then ensures that the demat credit or refund as applicable is completed within 6 working days of the closure of the issue.
Which are the reliable sources for me to get information about response to IPOs?
In the case of book-built issues, the exchanges (Bombay Stock Exchange/National Stock Exchange) display the data regarding the bids obtained (on a consolidated basis between both these exchanges).
The data regarding the bids is also available category-wise.
11. How do I know if I am allotted shares?
And by what timeframe will I get a refund if I am not allotted?
Investors are entitled to receive a Confirmatory Allotment Note (CAN) in case they have been allotted shares within 6 working days from the closure of a book Built issue. The registrar has to ensure that the demat credit or refund as applicable is completed within 6 working days of the closure of the book-built issue.
The lead managers also publish an advertisement at least in an English national daily with wide circulation, one Hindi national paper and a regional language daily circulated at the place where registered office of the issuer company is situated.
CDSL IPO Sees High Retail Interest: Should You Invest?
12. How long will it take after the issue for the shares to get listed?
The listing on the stock exchanges is done within seven days from the finalisation of the issue.
Ideally, it would be around three weeks after the closure of the book-built issue.
In case of fixed price issue, it would be around 10 days after closure of the issue.
Write to us at [email protected] or call us at 1800 22 7500. We will be happy to answer all your queries.
- Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges, the Do’s & Don’ts and the T & C on www.sharekhan.com before investing.
CDSL IPO subscribed two times on Day 1 of issue
Investments in equity is subject to market risks. You are advised to carefully read the red herring prospectus of the company and go through all the Risk Factors mentioned in the offer document issued by the company before investing. The investment as mentioned in the document may not be suitable for all investors. Investors may take their own decisions based on their specific investment objectives and financial position and using such independent advisors, as they believe necessary.
Either SHAREKHAN or its affiliates or its directors or employees / representatives / clients or their relatives may have position(s), make market, act as principal or engage in transactions of purchase or sell of securities, from time to time or may be materially interested in any of the securities or related securities referred to in this report and they may have used the information set forth herein before publication.
- This mailer is the purpose of information only.
CDSL IPO FAQ
Invest only only after referring to the Red Herring Prospectus dated 6th June 2017.
Registered Office: Sharekhan Ltd, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off.
Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400042, Maharashtra. Tel: 022 - 61150000.
Sharekhan Ltd.: SEBI Regn. Nos. BSE-Cash-INB011073351; F&O-INF011073351; NSE - INB/INF231073330; MCX Stock Exchange: INB/INF-261073333; DP-NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; Mutual Fund-ARN 20669; For any complaints email at [email protected]