New Delhi: The initial public offering (IPO) of Central Depository Services (India) Ltd (CDSL) was oversubscribed 7.55 times on the second day of bidding on Tuesday, helped by strong investor response. The category reserved for qualified institutional buyers (QIBs) was oversubscribed 6.54 times, while the same reserved for non-institutional investors and retail investors were subscribed 3.36 and 10.32 times, respectively. Through the offer, which closes on Wednesday, CDSL’s promoter and leading stock exchange BSE plans to sell 3.51 crore 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.

Source: Mint June 20, 2017 16:07 UTC