June 29, 2017

CDSL IPO fully covered on day one

19 June 2017, 04:41 | Melvin Schneider

Minerva Studio

Minerva Studio

50% of the issue will be offered to qualified institutional buyers (QIB), 15% to non-institutional investors (NII) and remaining 35% to retail individual investors (RII).

CDSL is one of India's two depositories-the other is National Securities Depository Ltd-which holds securities in electronic form.

Limited on Monday, opened its Initial Public Offering (IPO) worth Rs 524 crore.

Ltd (CDSL) - a subsidiary of BSE Limited - has launched its initial public offer (IPO) on June 19, 2017 and will be available till June 21, 2017.

Cosby trial's fourth day of deliberations could prove critical
If a mistrial is declared, prosecutors must decide if there is enough evidence to seek a new trial or decide to drop the charges. If, after further deliberations, they still can not reach consensus, a hung jury will cause the judge to declare a mistrial.

Deliberations resume in police officer's manslaughter trial
Jurors returned to court briefly Tuesday morning to re-watch two key videos in the case. Paulsen also showed jurors an autopsy photo of Castile's right trigger finger.

Cosby judge could revisit issue of revealing names of jurors
McMonagle, in his closing argument, pointed out that Constand telephoned Cosby dozens of times after the alleged assault. Earlier in the week, they told the judge that they were deadlocked , but he ordered them to continue deliberating.

Under the regulations, a stock exchange can not have more than 24 per cent in a depository.

The OFS will mop up proceeds of Rs 509.92 crore at the lower price band of Rs 145 per share (face value Rs 10 per share) and Rs 523.99 crore at the upper band of Rs 149 per share.

On Friday, the issue saw Abu Dhabi Investment Authority, FIL Investment (Mauritius), and top investment bank Goldman Sachs among the anchor investors participating in the IPO. However, the scenario is changing gradually and this is a big positive for players like CDSL. The company credits this strong profitability to its scalable business model.

The company has seen its revenues grow at a CAGR of 3.67% over the past four years with the revenue in FY2016 being Rs 139.4 crore. CDSL paid a dividend at the rate of 25% (Rs 2.5 per share) and this was up from 22% in FY2015.

Other News

Trending Now

India will learn from final loss, says Kohli
But taking his second chance he embarked on an electrified charge which wrenched the game back in Pakistan's favour. In the very next over, a short ball from tournament star Hasan Ali to MS Dhoni was top edged to Imad Wasim.

Russian fan leader banned from opening Confederations Cup match
Petersburg to get their Federation Internationale de Football Association 2017 Confederations Cup campaign off to a winning start. Russia's fast start contrasted with New Zealand seeming unsettled early in a game that began after an unusual pre-match ceremony.

8 players the Devils could lose to Las Vegas in Expansion Draft
Zdeno Chara: The lone B's defenseman with a no-movement clause, the Bruins are not letting their captain walk for nothing. The Detroit Red Wings also made a fascinating decision by opting to protect goaltender Jimmy Howard over Petr Mrazek .

Real Madrid put £157.5m Price tag for Wantaway Cristiano Ronaldo
Real Madrid soccer star Cristiano Ronaldo has reportedly insisted that he wants to move away from the Spanish club this summer. The rumours of Ronaldo leaving the Spanish giants emerged after allegations of around £15 million tax fraud by a law firm.